Administrator Karachi calls on Sindh Governor

Fri, 18 Nov 2022, 6:41 PM

Governor Sindh appeals philanthropists to donate charities to help downtrodden communities

KARACHI, Nov 18 (APP): Administrator Karachi Murtaza Wahab called on Sindh Governor Mohammed Kamran Khan Tessori, here, at the Governor House on Friday.

They discussed measures pertaining to the development of the city; improvement of health and cleanliness situation; the performance of local government departments; restoration of infrastructure affected by rains; and other issues.

The Sindh governor said that mutual efforts were needed for the development of the metropolis, because it was our city.

Kamran Tessori said that every activity, which occurred here, affected the city.

Administrator Karachi Murtaza Wahab informed the governor that roads damaged by rains were being repaired.

He said that steps were being taken for the health and cleanliness of the city.

He further said that they all collectively would work for the development and prosperity of the city.

Peshawar to be made city of flowers: Mayor

NNPS Desk

Fri, 18 Nov 2022, 6:24 PM

PESHAWAR, Nov 18 (APP): Mayor Peshawar Zubair Ali on Friday reiterated the resolve to make Peshawar the city of flowers and address all the issues including traffic problems through the involvement of stakeholders.

Addressing the members of traders and business community, he said a 25-member committee comprising representatives of traders, health, education, police, PESCO, SNGPL and line departments would suggest measures to resolve the most issue on priority basis.

He said a delegation of experts in traffic management from Punjab was invited to provide solution to traffic issues in Peshawar and a report to this effect would receive in two-day and it would be implemented to improve the traffic problems.

The mayor assured that the problems of shops in Namak Mandi would be resolve till December 6 and the agreement finalized with the traders would be implemented in letter and spirit.

He further said that in consultation with traders a plan would be chalked out for removal of encroachment within the city and a red line would be demarcated in front of every shop so that the shopkeeper may not violate its boundaries, while all the shops would be registered with the capital metropolitan government.

The mayor invited suggestions from traders and other stakeholders to make Peshawar the most beautiful city of the country.

People are buying warm coats as the temperature in the city dropping from a vendor from his roadside setup.

Zia Ur Rehman

Fri, 18 Nov 2022, 6:22 PM

An elderly cobbler repairs used shoes to put on display for selling as winter has started and purchase of shoes has increased in the provincial capital.

Zia Ur Rehman

Fri, 18 Nov 2022, 6:15 PM

SECP releases Annual Report for FY 2021-22

NNPS Desk

Fri, 18 Nov 2022, 6:14 PM

ISLAMABAD, Nov 18 (APP): The Securities and Exchange Commission of Pakistan (SECP) has released its annual report for the fiscal year 2021-22. The Report caused under section 25 of the SECP Act 1997 comprises details of Commission activities and financial statements for fiscal year 2021-22, said a press release issued here.

SECP Chairman Aamir Khan has expressed his satisfaction that the Commission has achieved significant progress in multiple areas including transparent and fair enforcement, promoting ease of doing business, supporting innovation and entrepreneurship, financial inclusion and market development.

Aamir Khan, in his message published in the report, said that in pursuit of developmental reforms “the over-arching enablers were identified as promoting digitalisation, simplifying regulatory structure, reducing cost of compliance and invigorating the exchange of ideas and concepts with market participants and stakeholders”.

In FY 2021-22, building on the initiatives of the previous fiscal year of establishment of a dedicated supervision division and a dedicated adjudication division, the SECP has concluded 579 cases through orders imposing penalties amounting to Rs77 million on listed companies and licenced entities on account of violation of relevant laws. Likewise, 85,519 orders were issued to unlisted companies imposing penalties amounting to Rs4,701 million.

This year, while moving further towards a functional based structure, the SECP has successfully consolidated its licensing activity under a centralized department. The centralization of licensing will bring uniformity, efficiency and transparency into the issuance and renewal of licenses, and related approvals.

Other significant progress includes the issuance of digital mortgage certificates and acknowledgements of annual and other returns; issuance of digital CTCs of the company’s statutory returns and digital company profile. To facilitate easy exit, an online portal of Companies’ Easy Exit has been launched. Moreover, the process of company incorporation has been centralized at the head office to standardize and facilitate expeditions processing. The SECP, in coordination with SBP, has also launched an exclusive digital portal, which enables banks to certify a company’s filings.

In FY 2021-22, numerous reforms were introduced in the capital market to bring efficiency, transparency, depth and ease for the investors. The process for submitting IPO applications by the issuers/companies has been automated. The opening of news accounts by small investors was made very simple through a new category of “Sehl Account”, wherein investors can be onboarded through microfinance banks backed by telecom providers.

Further, to simplify investment in mutual funds, Pakistan’s first mutual fund digital distribution platform, namely “Emlaak Financials” has been launched by the central Depository Company (CDC).

The pension funds have been allowed to invest in REITs, Private Equities, Venture Capital Funds and ETFs. Moreover, pension funds have also been allowed passive investment strategies in the form of Index sub-fund. In addition, financial institutions including Banks, DFIs, PDs, AMCs etc. have been allowed to act as market makers, thereby increasing secondary debt market liquidity. So far, 16 financial institutions have been registered as market makers.

For the first time, the SECP has awarded a NBFC license to operate as a P2P lending platform on a commercial basis. The P2P operations of NBFC were successfully tested under SECP’s regulatory sandbox.

To provide immediate responses and guidance regarding company incorporation, the SECP has launched WhatsApp and Wechat service. Through the service which is the first of its kind in Pakistan’s public sector, the SECP has handled 29,681 queries during FY 2021-22, having a satisfaction ratio exceeding 89%. The SECP also handled 10,204 complaints through its digital complaint dashboard (Service Desk Management System – SDMS), out of which, 9,761 (96%) stand resolved/closed and the remaining are at different stages of being addressed.

SECP Chairman Aamir Khan said, “SECP will continue promoting innovation through closer collaboration with our regulated sectors, academia and incubators.

The SECP’s Annual Report for fiscal year 2021-22 is available at https://www.secp.gov.pk/document/annual-report-2022/?wpdmdl=46161&refresh=637763ad135cc1668768685

A father along with his kids purchasing warms clothes from used clothes market and other stuff as winter is getting colder in the provincial capital

Zia Ur Rehman

Fri, 18 Nov 2022, 6:12 PM

Men are choosing to buy traditional Sindhi hats from a vendor on roadside

Zia Ur Rehman

Fri, 18 Nov 2022, 6:10 PM

Mehmood calls on Russian Grand Mufti

NNPS Desk

Fri, 18 Nov 2022, 6:06 PM

NHA on alert to deal with snowfall in Murree, Galiyat

ISLAMABAD, Nov 18 (APP): Federal Minister for Communications and Postal Services Maulana Asad Mehmood met with Russian Grand Mufti and Chairman of Russian Muslim Federation Spiritual Board Sheikh Rawil Gaynutdin during his visit to Russia.

During the meeting, it was discussed as how to solve problems faced by Muslims and to raise a soft image of the Muslim Ummah around the world. It was agreed to take important steps in this regard, said a press release.

Mehmood also acknowledged the services of Russian Grand Mufti and called him the most important leader of Muslims in Russia.
On the other hand, the Grand Mufti welcomed the Minister’s arrival in Russia.

The minister was currently in Russia as Pakistan’s representative to finalize the important road transport agreement between Pakistan and Russia. The agreement would pave way for establishing commercial and public relations between both countries in the future.

Wresters are in action during arm wrestling match organized by divisional sports department and Multan division arm wrestling association at sports gymnasium.

Zia Ur Rehman

Fri, 18 Nov 2022, 6:04 PM

Federal government assures provision of security force at LG polls in AJK: Sardar Tanveer Ilyas

NNPS Desk

Fri, 18 Nov 2022, 6:03 PM

No one will be allowed to play with AJK's interests: Tanveer

MUZAFFARABAD, Nov 18 (APP): Prime Minister Azad Jammu and Kashmir, Sardar Tanveer Ilyas Khan on Friday said that the Local Government elections would be held as per schedule on November 27 and the federal government would provide required security personnel to maintain law and order.

Talking to journalists at a wedding ceremony here Friday, he said that the people were happy to see that the elections were being held after a break of more than three decades, adding that he was optimistic that the federal government would respect the wishes of the people of the state and provide the required security.

He said that the the government was committed to fulfill the commitments it had made with the people of the liberated territory during election campaign including holding of Local Bodies’ elections.

The Prime Minister said, “We have taken a clear position, we have also told the federal government that the government will fulfill its responsibilities in this regard”. He said that the decision to hold the polls as per schedule had generated a lot of optimism amongst the people especially the youth who were actively participating in the election campaigns.

“We have full confidence in the federal institutions that they will cooperate with the government respecting the wishes of the people of the state”, he said.

Meanwhile, Chief Election Commissioner (CEC) Justice retired Abdul Rasheed Sulehria has directed the commissioners of the three divisions and district administrations to constitute coordination and peace committees at each polling station level to ensure peaceful elections. These committees would comprise on government employees, representatives of the political parties and notables of the area and would coordinate with the administration to maintain peace and implementation of code of conduct during polling process.

According to a notification issued by the Commission, each committee would comprise on 7 members having representation of all political parties and notables and would keep close liaison with local administration to ensure peaceful and smooth polling.

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Associated Press Of Pakistan

Administrator Karachi calls on Sindh Governor

Peshawar to be made city of flowers: Mayor

People are buying warm coats as the temperature in the city dropping from a vendor from his roadside setup.

An elderly cobbler repairs used shoes to put on display for selling as winter has started and purchase of shoes has increased in the provincial capital.

SECP releases Annual Report for FY 2021-22

A father along with his kids purchasing warms clothes from used clothes market and other stuff as winter is getting colder in the provincial capital

Men are choosing to buy traditional Sindhi hats from a vendor on roadside

Mehmood calls on Russian Grand Mufti

Wresters are in action during arm wrestling match organized by divisional sports department and Multan division arm wrestling association at sports gymnasium.

Federal government assures provision of security force at LG polls in AJK: Sardar Tanveer Ilyas

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