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CDNS achieve Rs 65 billion in Islamic investment bonds

By
Waseem Iqbal
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CDN
ISLAMABAD, Mar 26 (APP):The Central Directorate of National Savings (CDNS) has achieved Rs 65 billion in Islamic finance bonds during the current fiscal year 2023–24 till March 25.
“The National Savings had issued the Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country,” a senior official of the Directorate of National Savings told APP here on Tuesday.
The official said that the CDNS had set the target of collecting Rs 75 billion from the Islamic finance bonds in the financial year 2023–24. Some Rs 16 billion were collected through the bonds during July 2023, the first of the ongoing fiscal year, he added.
Replying to a question, he said the CDNS had achieved the target of Rs 60 billion during the last fiscal year (2022–23) from the Islamic bonds, and that was why it aimed to introduce new dimensions in the Islamic finance sector.
“Islamic finance now has a very important role in the global financial sector. A large part of the economy of many major countries currently includes Islamic finance,” he added.
The official said that work was being done on institutional reforms in the CDNS.
Given the current market trend in the country, an ambitious target had been set to further improve the savings culture, he added. To another query, the official said that the CDNS had achieved the target of Rs 1200 billion in fresh bonds from July 1, 2023, to March 25, 2024, in the current fiscal year.

CCP’s Statement on proposed PTCL-Telenor Merger

By
Waseem Iqbal
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0
ISLAMABAD, Mar 26 (APP):It is clarified that several newspapers have publicized misleading information on behalf of the Competition Commission of Pakistan (CCP) regarding the progress of the pre-merger application of PTCL.
The PTCL intends to acquire 100% shareholding of M/s. Telenor Pakistan (Private) Limited (“Telenor”) and M/s. Orion Towers Private Limited (“OT”).
CCP received a pre-merger application on 29th February, 2024 from PTCL Lawyers. Initially, the application was submitted with incorrect fee. The remaining outstanding fee was sent to the Commission on 6th March 2024, said a press release issued here on Tuesday. CCP requested further information on 20th March, 2024 to complete its due diligence.  The requisite information is still awaited from the PTCL lawyers.
The Commission has 30 working days to complete its due diligence after all the required information is submitted. The 30 working days time frame for the first phase review will commence after PTCL lawyers submit the outstanding information requested by the Commission.
It is pertinent to mention that the CCP’s merger department is processing 21 applications at the moment. Acquisition of Telenor by PTCL is one of those applications.  There were altogether five undertakings operative in Pakistan’s mobile telecom industry. This included Jazz, Zong, Telenor Pakistan, Warid and Ufone. Jazz acquired Warid in 2016. PTCL has a wholly-owned subsidiary called Ufone.
The acquisition of Telenor by PTCL will reduce the number of competitors offering telephony services in the market. The Commission has also received concerns from a competitor regarding the intended acquisition by PTCL. The CCP will complete its due diligence in due course.
The media is urged to avoid speculation and dissemination of premature information about the merger.  For accurate information, they are encouraged to contact the Commission directly.

NPO to organize webinar on ‘Digital Marketing Tools and Techniques’

By
Waseem Iqbal
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0
NPO
ISLAMABAD, Mar 26 (APP): The National Productivity Organization (NPO) is going to organize a webinar on “Digital Marketing Tools and Techniques” on March 28 (Thursday).
Digital marketing, also called online marketing, is the promotion of brands to connect with potential customers using the internet and other forms of digital communication, said an NPO document shared here on Tuesday.
This includes not only email, social media, and web-based advertising, but also text and multimedia messages as a marketing channel. The top digital marketing objectives that businesses strive to achieve are increasing brand awareness, driving website traffic, generating leads, and boosting sales and revenue.
The workshop will provide information about search engine optimization, search engine marketing, and content marketing.  The webinar is designed for senior management, middle management, team leaders, data scientists, and researchers.

Death anniversary of  famous playwright Haseena Moin observed

By
Waseem Iqbal
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0
ISLAMABAD, Mar 26 (APP):Third death anniversary of Pakistani dramatist, playwright and scriptwriter, Haseena Moin was observed Tuesday.
Born on 20 November in 1941 at Kanpur, her family migrated to Pakistan after independence of Pakistan in 1947. Haseena Moin wrote several plays for stage, radio, and television including ‘Tanhaiyan’, ‘Ankahi’ and ‘Dhoop Kinaray’.
She was the recipient of the Pride of Performance award for her services to the performing arts in Pakistan. She passed away on March 26,2021 in Karachi.

Motorcyclist died in accident

By
Waseem Iqbal
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0
KILLED
MULTAN, Mar 26 (APP): One person was killed and another injured in a collision between a motorcycle and a car here on Tuesday.
According to rescue sources, the accident occurred near the Sher Shah toll plaza. The deceased was identified as Rehmat Ali while the injured’s name is Muhammad Sajjad resident of Sher Shah town.
The body was handed over to the heirs while the injured were shifted to Nishtar Hospital immediately. Police reached the spot and started investigation.

China-Pakistan Gandhara art exhibition culminates in Shenzhen, China

By
NNPS Desk
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BEIJING, Mar 26 (APP): The largest China-Pakistan Gandhara art exhibition in China history, showcasing over 170 artifacts from seven different museums in Pakistan was successfully culminated at Shenzhen Museum.

The exhibition titled Gandhara Heritage along the Silk Road: A Joint China-Pakistan Exhibition debuted last year at the prestigious Palace Museum in Beijing for three months but due to overwhelming interest from the Chinese audience, it evolved into a touring exhibition, making stops in Gansu and finally Shenzhen, following necessary legal procedures.

The closing ceremony of the exhibition was attended by senior Chinese officials including Wang Xudong, Director of the Palace Museum; Zeng Xianglai, Director of Culture, Radio, Television, Tourism, and Sports Bureau of Shenzhen; Jia Jianwei, Director of Gansu Provincial Museum; and Huang Chen, Director of Shenzhen Museum, China Economic Net (CEN) reported.

The Pakistani side was represented by the Pakistan Ambassador to China, Khalil Hashmi, along with the Acting Consul General of Pakistan in Guangzhou and officials from the Pakistani Embassy in Beijing and the Pakistani Consulate-General in Guangzhou.

Speaking on the occasion, Ambassador Hashmi reflected on the significance of the initiative, highlighting the successful collaboration between Pakistan and China in organizing the largest Gandhara Art Exhibition in China’s history.

The ambassador emphasized the importance of cultural exchanges and people-to-people initiatives. He also hinted at future joint initiatives, indicating ongoing plans for further exhibitions showcasing shared heritage between the two countries.

Additionally, he illuminated Pakistan’s rich historical legacy as the seat of Gandhara civilization and its contributions to cultural exchanges along the ancient Silk Road.

Four terrorists killed in D I Khan IBO

By
NNPS Desk
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0

RAWALPINDI, Mar 26 (APP): As many as four terrorists were killed on March 25th during an Intelligence Based Operation (IBO) conducted in Dera Ismail Khan District, the military’s media wing said on Tuesday.

According to the Inter Services Public Relations (ISPR) news release, an intense exchange of fire took place between the forces and the insurgents, whereas the killed terrorists were identified as Terrorist Mustafa, Terrorist Qismat Ullah and Terrorist Islam Ud Din.

The killed terrorists remained actively involved in numerous subversive activities against the security forces and killing of innocent civilians. Weapons, ammunition and explosives were also recovered from the killed terrorists.

The locals of the area appreciated the operation. A sanitization operation was being carried out to eliminate any other terrorist found in the area as the security forces were determined to wipe out the menace of terrorism from the country, the ISPR said.

One soldier martyred, four terrorists killed in Turbat Naval Base attack

By
NNPS Desk
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0

RAWALPINDI, Mar 26 (APP): A sepoy of the Frontier Corps Balochistan on Tuesday embraced martyrdom while four terrorists were killed during a swift and effective response of the security forces to the terrorists’ attack on the Pakistan Naval Base and the Navy Ship PNS Siddique in Turbat while ensuring the safety and security of the personnel and assets.

According to the Inter Services Public Relations (ISPR) news release, the terrorists attempted to attack the Naval Base on the night of March 25th and 26th.

However, the security forces in the vicinity were immediately mobilised to support the naval troops. “Synergetic & effective response by the armed forces enabled killing of all four terrorists in ensuing joint clearance operation,” the ISPR said.

The martyred soldier was identified as Sepoy Noman Fareed (age 24 years, resident of Muzaffargarh) of Frontier Corps Balochistan, having fought gallantly, embraced, shahadat, during intense exchange of fire.

“Sanitization operation is being conducted to eliminate any other terrorist found in the area. Pakistan Armed Forces remain committed to eliminate the menace of terrorism from the country at all costs,” the ISPR said.

Foreign Secretary visits Russian embassy to condole Moscow terror attack

By
NNPS Desk
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0

ISLAMABAD, Mar 26 (APP): Foreign Secretary Muhammad Syrus Sajjad Qazi on Tuesday visited the Russian embassy here to convey Pakistan’s profound condolences to the Russian people and government on the carnage caused by the inhumane terror attack in Moscow.

Signing the condolence book, the foreign secretary reiterated Pakistan’s strong condemnation of the terror attack and expressed solidarity with Russia in this hour of grief.

On Friday night, four gunmen stormed the Crocus City Hall in Moscow, and began firing on around 6,000 people who were attending a concert, according to the media reports. As per the Russian authorities, 137 people were killed and more than 100 injured in the attack.

PM lauds security forces for foiling terrorist attack on Turbat naval airbase

By
NNPS Desk
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0

ISLAMABAD, Mar 26 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday appreciated the security forces for thwarting a terrorist attack on Turbat naval airbase.

Due to a prompt and effective response by the security forces, terrorists were sent to hell, thus saving the country from a huge damage, PM Office Media Wing, in a press release, quoted the prime minister as saying.

The prime minister also expressed the resolve to crush the specter of terrorism. The entire nation was standing with their brave security forces and paid tribute to them, he added.

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