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The PPP promises the government will support the budget vote.

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Insiders state that the PPP will support the budget despite expressing reservations about it.

As previously stated, the party leaders had not yet decided whether to support or oppose the federal budget that the administration will be announcing today.

Leading figures have reportedly reached a resolution over the dispute between two parties that are allies.

In order to have the budget approved, the People’s Party will give the PML-N its whole support. Sources stated that the PPP would back the budget’s adoption “in spite of protests and speeches in committee.”

The administration promised the PPP that some of its recommendations would be included in the budget, according to sources. Voting supporting the PML-N budget is a quid pro quo commitment made by the PPP leadership.

For assistance in passing the budget, the PML-N had asked the PPP.

The PPP has not yet decided whether to accept or oppose the budget, according to PPP leader Nayya Bukhari.

The forthcoming yearly budget for 2024–25 and the state of the nation’s economy as a whole were the topics of Prime Minister Shehbaz Sharif and President Asif Ali Zardari’s Tuesday meeting.

The meeting was also attended by Professor Ahsan Iqbal, the Federal Minister for Planning and Special Initiatives, a press statement from the President’s House stated.

The protection of low-income and middle-class interests in the annual budget is a priority, as highlighted by President Zardari. Along with pledging his support for fiscal benchmarks to be met, he also gave the prime minister assurances on national development.

The next budget’s proposed development projects were also discussed by President Zardari and Prime Minister Shehbaz. He told the president about his recent five-day travel to China, the prime minister said.

On June 12th, or today, the federal government will unveil its budget for the fiscal year 2024–25.

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Minutes after taking off from Lahore airport, a private airline plane was “hit by a bird.”

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Details show that an aircraft from Lahore to Karachi took off from the airport in Lahore, but it made a problematic landing a few seconds later.

The aircraft carrying 180 passengers was successfully landed at the Lahore airport by the pilot. They have moved the passengers of the impacted flight to the airport lounge.

Bird strikes on aircraft have been documented occasionally at the nation’s airports, yet the problem persists in spite of the CAA’s assertions.

In the first 11 months of 2022, birds struck at least 57 Pakistan International Airlines (PIA) aircraft.

Details indicate that PIA published a report on aircraft struck by birds in 2022.

53 bird-hit instances were documented between January and October, and four incidents were logged in November, the study states. The airport in Lahore International was the site of most of the incidents.

According to the research, five of the 57 PIA aircraft were damaged in 2022 due to bird collisions, but the aircraft were spared significant damage in 59 instances.

In addition, the birds struck twelve PIA planes during approach, eight during takeoff, and 21 after landing.

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Deputy Prime Minister to Represent Pakistan at CHOGM in Samoa in 2024

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Senator Muhammad Ishaq Dar, the deputy prime minister and foreign minister, will lead Pakistan’s delegation to the Commonwealth Heads of Government meeting in Samoa.

Pakistan’s views on major global issues and concerns will be discussed at the conference by the Deputy Prime Minister, who will concentrate on climate change, economic growth, and enhancing international collaboration within the Commonwealth.

His keynote speech at the Commonwealth Business Forum on “Transforming Our Workforce” will focus on Pakistan’s focus on digital transformation, skill development, and youth empowerment.

He will converse with the heads of delegation from other Commonwealth nations as well.

Mumtaz Zahra Baloch, the spokesperson for the Foreign Office, said in a statement that Pakistan’s attendance at CHOGM 2024 is a reflection of its ongoing dedication to the Commonwealth and its ties with tiny island pacific nations.

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China Contributes 43 New Foreign Firms to the 6% Growth in SECP Registrations

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The Securities and Exchange Commission of Pakistan has registered 2,617 new firms this year, a 6% increase from 2023, with assistance from the Special Investment Facilitation Council. This increases the overall number of businesses that are registered to 231,111.

Non-profits, trade associations, and public unlisted firms make up 4% of these, while private limited corporations make up 55% and single-member companies 41%. It is noteworthy that 99.8% of the registrations were done online, demonstrating SECP’s attempts to digitise.

Real estate has 237 new businesses, services has 306, and trade has 377 new businesses. These are the main sectors exhibiting growth. While the healthcare and textile industries each had 49 new businesses, the education sector saw 101.

China contributed the most, adding 43 new companies, out of the 61 new companies that were registered as a result of foreign investment.

These recently registered businesses are anticipated to decrease imports, increase domestic production, and contribute to closing the trade deficit.

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