-Foreign exchange: SBP reserves surge 10.6% after release of Saudi aid
Foreign exchange reserves held by the central bank surged 10.6% on a weekly basis, breaking the downward streak of the past 13 weeks, according to data released on Thursday.
The reserves had dropped to a four-and-a-half-year low, which had raised concern about Pakistan’s ability to meet its financing requirements as they had fallen below the $7.5-billion mark. On November 23, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $8,062.4 million, up $775.9 million compared with $7,286.5 million in the previous week. The increase was attributed to official bilateral inflows.
Similarly: Pakistan Foreign Exchange Reserves register significant increase
The total liquid foreign reserves held by the country register increase.
-New major Highway planned in Balochistan under CPEC
National Highway Authority (NHA) has planned to construct a new highway to link Basima town in Washuk district of Balochistan with Khuzdar city and it is expected that its construction will start next year
-IDEAS 2018: Overview of Pakistan's burgeoning defence capability
The tenth edition of the International Defence and Exhibition Seminar (IDEAS), currently underway at the Expo Centre in Karachi, provides an amazing opportunity for both local and international arms manufacturers to showcase their latest weapon systems being deployed in contemporary modern warfare.
-IDEAS 2018: Pakistan Introduces Its Multi-role Drone to the World
Pakistan has introduced its first locally-built multirole drone to the world at the International Defence Exhibition and Seminar (IDEAS) 2018. Chief of Naval Staff, Kaleem Shaukat, inaugurated the launching ceremony on Wednesday, the second day of the defense exhibition. The armed UCAV is named Burraq and would be marketed by Global Industrial & Defence Solutions (GIDS). Burraq is built by the NESCOM independently. The copter can fly at an altitude of 16000 feet for up to ten hours.
-IDEAS 2018: Pakistani company introduces electrocution-protective garb
The ongoing IDEAS 2018 exhibition in Karachi has emerged as a platform that showcases innovations of sorts regarding the defence ecosystem of the country. In order to combat the rising rate of deaths that occur due to electrocution, a Pakistani company has put forth a ground-breaking invention in the form of armour that shields people from suffering an electric shock and also provides protection from burns.
-In a first, Pakistan unveils stunning Anti Drone Jamming Technology
Pakistan has unveiled the stunning Drone Jamming technology vital for the emerging drone strike theatre.
-Pakistan and Russia decide to enhance defence cooperation
Pakistan and Russia have agreed to ‘improve cooperation in the field of defense production’ on Thursday, the spokesman of Foreign Office Dr. Muhammad Faisal reported. The two sides mutually decided to enhance collaboration in defense production, while the discussion pertaining to ratchet up bilateral trade and investment took place.
-PM Imran Khan reveals PTI government future programme, several key announcements made
The Prime Minister said a uniform education system will be brought into the country to eradicate the education apartheid. He said similarly reforms are also being made in the health sector. A task force is working to improve the conditions of government hospitals so that poor people avail standard health facilities. He said Health Cards will be given to all poor people across the country.
Imran Khan said a single authority will be created to devise and implement policies for poverty alleviation. He said corruption leads to poverty.
He said an Asset Recovery Unit was established at the Prime Minister House. It signed MoUs with 26 countries for gaining access to information regarding the assets of Pakistanis made abroad. INTERESTING
The Prime Minister said we also signed an agreement today with Switzerland. He said the information received from 26 countries reveals that 11 billion dollars of Pakistanis are stashed abroad.
He said Punjab has recovered land of 88,000 acres from the encroachment mafia.
Referring to growth of stunted children, the Prime Minister said a pilot project was completed to improve the health of mothers and children and now 4 million mothers and children will be given better diet to reduce stunted growth from current 43 percent to 30 percent.
He said the scope of Benazir Income Support Program will be enhanced. He said five billion rupees have been earmarked under Akhuwat Program to assist the poorer segments.
He said new farm equipment will also be provided to the farmers. He said in order to enhance exports of livestock, animals will be immunized against diseases like foot and mouth.
-Bangladesh to send team to Pakistan for Emerging Teams Asia Cup
Bangladesh will send a cricket squad to Pakistan for the first time in three years, officials said Thursday after receiving assurances from their counterparts about security. Pakistan and Sri Lanka are co-hosting an Asian Cricket Council tournament next month, with Bangladesh playing all their group matches in Karachi.
Most cricket nations have steered clear of Pakistan since gunmen attacked Sri Lanka’s team bus in 2009, killing several people. But international cricket is slowly returning, with Zimbabwe and the West Indies among countries to visit Pakistan in recent years.The Bangladesh squad being sent for the Emerging Teams Asia Cup starting December 6 is the first since 2015 to visit Pakistan
-$11 billion looted Pakistani money traced in 26 countries: PM Khan
PM Imran Khan has said that an asset recovery unit was formed with the aim to sign MoUs with other countries for information sharing. “We have signed agreements with 26 countries. We signed a MoU with Switzerland today. “We have been unable to trace $11 billion undeclared money of Pakistani in foreign countries,” he remarked.
-88,000 Acres of land retrieved in Punjab from land mafia in largest ever such anti encroachment operation: PM Khan
PM Khan has revealed that 88 thousands acre land was vacated which illegally captured by the land mafia in Punjab in one of the largest such operation in Pakistan. For eradicating corruption, Imran Khan said that corruption has hindered Pakistan’s progress. “We didn’t even know how common corruption was. Even I didn’t know it. He cannot progress until people are stopped from engaging in corruption practices.”
-PM Imran says govt focused on carving policies for the poor in 100 days
Prime Minister Imran Khan has said that the government focused on carving policies for the downtrodden and weak segments of the society. The Pakistan Tehreek-e-Insaf (PTI) on Thursday unveiled the progress of the government during the first 100 days of it governance.
PM’s Adviser for Establishment Division Shahzad Arbab, in a ceremony in Islamabad, said that the government had managed to initiate at least 18 of the projects and schemes out of the 36 projects it had announced in May. MUST SEE
-Here is What KP’s New Digital Policy is All About
The Khyber Pakhtunkhwa government has launched KP’s first-ever digital policy. While it is obvious that it aims at the digital transformation of the northern province, there is a lot more to the policy than what meets the eye. This policy aims to remove the piles of files that get in the way of good governance. Moreover, it envisions digital accessibility to reach every corner of the province, promotion of tech startups, and support of entrepreneurs. The KP administration is planning to incorporate several measures to make the internet access possible throughout the province.
Read the whole article to see the various decision they've taken, it's actually really cool including:
- Improving the institutional capability to deliver improved public services, improve productivity and efficiency, and accountability with better citizen engagement.
- Focus on the digitization of the economy.
- Evolutionize education in the province via Launching a digital competency and literacy framework to assess and improve digital literacy levels
- Ensure the inclusion of women, youth, and marginalized groups in the digital arena. Moreover, it aims to equip and empower women with digital skills and education along with ensuring their financial inclusion and equitable dividends for the underprivileged currents of the society.
Similarly: Pakistan's first ever digital policy launched, salient features
- Imposition of a tax cut of 19.5 percent on mobile and the fixed broadband services in KP to expand the digital footprint and upgrade the technology infrastructure.
- Induction of a phase-wise transformation of broadband services from copper-based networks to optical fiber-based networks across the province to ensure high speed at an affordable cost
- Facilitation of the startups, small and medium enterprises (SMEs), and entrepreneurs by providing purpose-built facilities
-Sindh to extend solid waste management operation to other districts
A meeting chaired by provincial Chief Secretary Syed Mumtaz Ali Shah, decided to launch solid waste management operation in all districts of Sindh.
The Managing Director Sindh, Solid Waste Management Board, informed the meeting that a new legislation regarding the solid waster management will be enacted in the province. Under the proposed law dumping the waste at residential, industrial areas and public places will be declared an illegal act and heavy fine will be imposed on non-compliance of the law.
-Wind Energy Corridor in Pakistan: Sindh government takes important decision
The Sindh government has decided to set up its own grid company under public-private partnership approach, which will mainly contribute to relinquish clean electricity being produced in the country’s only wind corridor in Thatta-Jhimpir region of the province.
-NAB recovers Rs. 2580m in one year.
National Accountability Bureau (NAB) – pursuing across-the-board accountability approach – has arrested 503 accused persons and recovered Rs. 2580 million from corrupt elements during one year. The recovery, considered a record achievement, has been returned to hundreds of affected persons and some government departments. Not a single rupee has been paid to any NAB employee as Bureau’s officers and officials consider eradication of corruption as their national duty. The statistics listing, the last one-year achievements on Thursday showed that the Bureau has opened its door for citizens for corruption-related complaints and received 44,315 complaints which were thoroughly scrutinized in scrutiny committees.
-Pakistan & Tunisia Might Sign a Preferential Trade Agreement in Coming Months
Pakistan and Tunisia are expected to sign a Preferential Trade Agreement next year, which will boost bilateral trade between the two countries. Ambassador of Tunisia Adel Elarbi has said negotiations over the proposed PTA between Tunisia and Pakistan are going on and it is likely to be signed during the first quarter of 2019.
-Khadim Rizvi's party's Registration and funding called into question
The Election Commission of Pakistan (ECP) has ordered the district election commissioner of Lahore to personally deliver a second notice to Khadim Hussain Rizvi, the chief of Tehreek-i-Labbaik Pakistan (TLP), in a case regarding his party's registration and funding.
-I love Pakistan Army Chief General Bajwa, says top Pakistani Sikh leader
Expressing his love for Pakistan and the country’s Chief of Army Staff Qamar Javed Bajwa, prominent leader of the Pakistan’s Sikh Community, Gopal Chawla, said he didn’t do anything wrong by shaking hands with the army chief. “If I’ve hugged or shaken hands with the army chief, it shouldn’t be a concern to anyone, he is from my country, I love Pakistan and I love Qamar Javed Bajwa…I am ready to even sacrifice my life for Qamar Javed Bajwa” said Chawla, General Secretary of the Pakistan Sikh Gurdwara Parbandhak Committee
He said Pakistan always takes an initiative for peace, “but the Indian media is so despicable that it deliberately attempts to spoil gatherings that are meant to bring people closer,” he lamented.
-All institutions on one page for talks with India: Qureshi
Foreign Minister Shah Mehmood Qureshi has said that all political parties and institutions in the country are on the same page for bilateral talks with India, ARY News reported on Thursday.Talking to Indian journalists who visited the Foreign Ministry after Kartarpur Border Corridor ceremony, Mr. Qureshi emphasized that Pakistan wanted good relations with all the neighbouring countries. The development of the region is linked with sustainable peace, he added. Mr. Qureshi said both the countries [India and Pakistan] shouldn’t miss any chance to strengthen relations. “We should move forward and forget the mistakes of the past.”
-K-P releases Rs100M funds for ex-Fata
The Khyber-Pakhtunkhwa government has released a sum of Rs100 million as a bridge loan to defray expenditure of the erstwhile Federally Administered Tribal Areas (Fata) as compensation for the agency development fund (ADF). The ADF was abolished when the 25th Constitutional Amendment Bill came into effect earlier this year. The amendment proposed the merger of tribal areas with K-P.
-Kalasha culture listed as Intangible Cultural Heritage
The Suri Jagek practice of Pakistan’s indigenous Kalasha people has been approved by the United Nations Educational, Scientific and Cultural Organisation (Unesco) for inclusion in this year’s list of Intangible Cultural Heritage (ICH), it emerged on Wednesday.
The nomination was accepted by the Unesco’s Inter-governmental Committee for Safeguarding the Intangible Cultural Heritage during its 13th session being held in Port Louis, Mauritius. The 2018 list also includes cultural heritage in Kenya, Algeria, Cambodia, Syria, Egypt and Azerbaijan.
-365 development schemes launched in Karachi
Sindh Chief Minister (CM) Syed Murad Ali Shah has said that Karachi has been given top priority in the development regime and the Annual Development Programme (ADP) 2018-19 has allocated Rs53 billion against the 365 schemes of Rs218.6b that have been launched.
-6 Pakistani Entrepreneurs Graduate From UNCTAD & Alibaba Business School
38 Asian entrepreneurs have successfully completed the fourth edition of the e-Founders Fellowship, a joint initiative by the United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School. The Fellowship aims to help bridge the digital divide and enable young entrepreneurs with the right skills for their businesses and encourages them to share their newly acquired knowledge with the communities they operate in. Out of 38 Asian entrepreneurs who graduated from the program, six were from Pakistan
-Federal Cabinet approves fencing of Pak-Afghan border
The federal cabinet on Thursday approved proposal for fencing and lighting of Pak-Afghan border as part of a security measure on the border line, ARY News reported.
According to sources, the work on the border fencing will now begin after its approval from the federal cabinet. The federal cabinet meeting also decided to continue accountability drive and action against corruption across the country. ‘More decisions will be taken to bring back looted money to the country’, the meeting unanimously decided.
-Cabinet likely to approve national tariff policy
The cabinet is likely to approve the National Tariff Policy in its meeting scheduled to be held today (Thursday). The policy aims to review tariff lines in a bid to boost the country’s dwindling trade.
The draft of the policy recommends a gradual reduction in the duty on raw material and machinery imports for export-oriented industries and revision of tariff slabs to be set at 5%, 10%, 15% and 20% within a span of two years. It further suggests implementing policy recommendations over a five-year period starting from budget 2018-19.
-Pakistan formally invites Malaysian PM Mahathir for state visit
Pakistani High Commissioner Nafees Zakaria has officially invited Malaysian Prime Minister Mahathir Bin Mohamad for a state visit of South Asian giant Pakistan on March 23 next year.
As per details, Pakistani envoy called on the Malaysian prime minister and formally invited him to grace the Pakistan Day on March 23 as a chief guest. Today’s invitation was a follow up of a verbal invitation from the Prime Minister Imran Khan to his Malaysian counterpart during his two-day long visit to the Southeast Asian country.
-CJP calls for full-fledged awareness campaign on population control countrywide
The Supreme Court of Pakistan was informed on Thursday that the Council of Common Interests (CCI) has approved a policy, outlining strategy to control rising population growth rate in the country, ARY News reported. Chief Justice Mian Saqib Nisar was hearing proceeding of the case after he returned to the country earlier in the day.
“Additional attorney general has ordered formation of respective task forces at provincial level with an aim to take measures for containing burgeoning population”, the court was told. He said a grand symposium was being organised in Islamabad on Dec 5 in this regard. The chief justice said that a full-fledged campaign be launched countrywide to raise awareness among people regarding bulging population. The hearing of the case was adjourned till December 13.
-PM Khan tojournalist: is willing to look at opening more religious routes including Shardapeeth Neelam Valley (which in in Azad Kashmir). "Yes, I am open to making routes easier for Hindu pilgrims."
-‘Punctuality of passenger trains improved by 90% in 100 days’
The punctuality ratio of Pakistan Railways (PR) passenger trains have improved by 90% due to untiring efforts of the management during the first 100 days of the present government.
“With the punctuality of trains and concrete measures taken by the government, around 20 million passengers have been added in the system, which is an ample proof of department’s achievement,” an official in the Ministry of Railways said on Thursday. The punctuality of passenger trains, he added, was 70% in last year of the previous government and only 40% in 2012-13, which is now improving day-by-day on the directives of Minister for Railways Sheikh Rashid Ahmed to win passengers heart.
-Yet another international automobile giant launches huge plant in Pakistan
Finance Minister Asad Umar has revealed the launching of international automobile giant in Pakistan. In a tweet, he said
: "“Launch event of the 150 million $ jw forland auto project tomorrow. Auto sector getting significant new investment. Ultimate goal is to make Pakistan a regional hub for manufacturing auto parts and ultimately automobiles. We must reverse the deindustrialization of Pakistan…”
-China gives additional Rs6m to families of killed cops
Chinese authorities have given an additional Rs 6 million to the families of policemen who were killed during an attack on Chinese Consulate in Karachi. Chinese Consul General Wang Yu handed over the cheques to the family members in a ceremony held in Central Police Office (CPO) Karachi. The families were also given Rs 6 million earlier.
-Pakistan, EU to jointly combat terrorism
Reaffirming that terrorism continues to pose a threat to states and societies across the globe, Pakistan and the European Union (EU) on Thursday reiterated their resolve to jointly combat terrorism in all its forms and manifestations. They also reaffirmed their solidarity with the victims of terrorist attacks across the world. This affirmation was made during the seventh round of Pakistan-EU Political Counter-Terrorism dialogue held in Brussels, Belgium, a message received here from Brussels said. On the EU side, the dialogue was chaired by Pawel Herczynski, Director for Security Policy (EEAS), while Pakistan side led by Ahmad Farooq, Director General Counter-Terrorism. The parties held in-depth discussions and exchanged perspectives on a wide range of counterterrorism issues in a cordial and constructive manner. The EU side appreciated Pakistan’s increasing efforts in fighting terrorism and emphasized the need for increased engagement on preventing and countering radicalization.
-Indonesia announces unilateral concession on 20 tariff lines to Pakistan: Dawood
Advisor to the Prime Minister on Commerce, Textiles and Investment Abdul Razak Dawood on Wednesday said that Indonesia had notified unilateral concession on 20 tariff lines to Pakistan to provide more market access through expansion of Preferential Trade Agreement (PTA) between the two countries.
After successful negotiation between the two countries, Indonesia has agreed and notified the unilateral concession on 20 tariff lines for providing market access on textile and agriculture items including rice, mangoes and citrus, denim fabric, ethanol, home textile and towel, the adviser said while addressing to a press conference here. He said the Indonesia-Pakistan Preferential Trade Agreement (PTA) was signed in February 2012.
He said that after this trade facility, there would be a further increase of around $150 million in Pakistan’s exports to Indonesia. Part 28 Part 29 Part 30 Part 31 Part 32 Part 33 Part 34 Part 35
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