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FDI increases by 17.3pc in August

By
NNPS Desk
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ISLAMABAD, Sep 6 (APP): Foreign Direct Investment (FDI) in the country during first month of current financial year (2023-24) witnessed about 17.3 percent growth as compared to the investment of the corresponding month of last year.

By the month of July 2023, the FDI reached $87.7 million against the investment of $ 74.8 million in same period of the last year, which was up by 17.3 percent, according to the ‘Monthly Economic Update & Outlook August 2023’, said in the report released by the Ministry of Finance and Revenue on Wednesday.

The FDI received from China during the period under review was recorded at $18.0 million, Hong Kong $16.9 million and FDI received from Netherlands at $12.1 million and Switzerland $10.1 million, it added.

According the report, power sector attracted highest FDI of $45.1 million (51.4 percent of total FDI), Oil & Gas Explorations $ 15.2 million (17.3 percent), and communication $ 8.0 million (9.1 percent).

Meanwhile, the foreign private portfolio investment has registered a net inflow of $ 16.3 million during the month of July. The Foreign Public Portfolio Investment recorded a net inflow of $ 6.0 million.

The total foreign portfolio investment recorded an inflow of $ 22.3 million during July FY2024 as against an outflow of 13.9
million last. Total foreign investment during July FY2024 recorded an inflow of $ 110.0 million as against $ 60.9 million last year

Exports in Services during July FY2024 increased by 2.3 percent to $ 538 million as against $ 526 million. The imports in
services increased by 45.3 percent to $ 811 million as compared to $ 558 million same period last year. The trade deficit in services stood at $ 273 million as against $ 32 million last year.

During the month of July, the Current Account posted a deficit of $809 million for (July FY2024) as against a deficit of $1.3 billion last year, largely reflecting an improvement in trade balance. Exports on fob declined by 4.6 percent during July FY2024 and reached $ 2.1billion ($ 2.2 billion last year). Imports on fob declined by 23.5 percent during July FY2024 and reached $ 4.2 billion ($ 5.5billion last year). Resultantly, the trade deficit (July FY2024) reached $ 2.1 billion as compared to $ 3.3 billion of the last year.

According to the latest available data, in Jul FY2024, FBR tax collection not only grew by 17.5 percent but also
surpassed the collection target by Rs.4 billion. Within total tax collection, revenues from domestic taxes grew by 19 percent while from customs duty 9 percent growth has been registered.

During July FY2024, the agriculture credit disbursement recorded at Rs151 billion as compared to Rs 112 billion last year
showing increase of 35.1 percent. During July 2023, Urea off-take was recorded at 629 thousand tonnes showing an increase of 36.0 percent while DAP off-take stood at 113 thousand tonnes; increased by 67.7 percent over July 202

Minister wants to take all stakeholders on board for sports promotion

By
Raiq Qureshi
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Khyber Pakhtunkhwa Caretaker Minister for Sports, Youth Affairs and Science and Information Technology Dr. Najibullah Khan Marwat
PESHAWAR, Sep 06 (APP): Khyber Pakhtunkhwa Caretaker Minister for Sports, Youth Affairs and Science and Information Technology Dr. Najibullah Khan Marwat Thursday said that for the promotion of healthy sports activities, all stakeholders would be taken on board for a durable and comprehensive result.
Talking to media men during his visit to China Window, a Chinese Culture Center, Dr. Najibullah lauded Sports Writers Association Khyber Pakhtunkhwa for sending a group of young journalists to Sports Digital Training Workshop organized jointly by Pakistan Sports Writers Federation and Azerbaijan Sports Journalists Association to be commencing from September 8-16 at Baku, Azerbaijan.
Dr. Najibullah Khan Marwat said measures to improve the skills of sports journalists are worthy of praise. There, young sports journalists will be able to perform significant services not only for the development and promotion of sports but also for the welfare of the players by using their skills.
He said the visit of the 11-member delegation of young sports journalists to a Digital Media Workshop would help more as far as improving the overall Digital Network looking after the present era of information technology.
President Pakistan Sports Writers Federation Arshad Aziz Malik, who recently being awarded Sitara Imtiaz for his unmatched services in the field of sports journalism, President SWA, KP Asim Shiraz, Secretary Shahid Afridi, Senior Sports Journalist Ijaz Ahmad Khan (APP), Nadir Khawjah (Daily Pakistan), Azmat Ullah (Sports Plus), Imran Yousafzai (GTV/Daily Mashriq), Shehzad Mehmood (ARY), Javed Ali Daily Jang, and other members attended the event.
On the invitation of Azerbaijan Sports Journalists Association, the young sports journalists of Pakistan will go on a one-week training tour during which they will participate in the digital sports journalism training program and visit various sports venues.
Provincial Caretaker Minister for Sports, Youth Affairs and Science and Information Technology Dr. Najibullah Marwat said in his speech that through sports we can highlight the soft image of Pakistan around the world and especially about Peshawar and Khyber Pakhtunkhwa.
In addition to sports and athletes, sports journalists are doing valuable services in eradicating the negative perception. Dr. Najeebullah Marwat urged sports journalists to show commitment and dedication in performing services that will make them successful.
It will help to cooperate. The caretaker provincial minister expressed happiness that a delegation of sports journalists is visiting Azerbaijan with the support of Khyber Pakhtunkhwa Sports Writers Association.
He urged the members of the delegation to highlight the positive side of Pakistan. Keep discipline in mind.
Addressing the ceremony, Director Sports Merged Area Pir Abdullah Shah said that all possible steps are being taken to make it possible to provide sports facilities in the merged areas, which sports journalists are playing a significant role in highlighting.
He said that the players belonging to the tribal areas are not only included in the national teams but are also performing brilliantly. He termed the visit of sports journalists to Azerbaijan as encouraging and expressed hope that young sports journalists will take full advantage of this visit.
Peshawar Press Club President Arshad Aziz Malik said that our sports journalists are playing a proud role in the promotion of sports across the province and Peshawar Press Club will take all possible steps to improve the efficiency of reporters. He thanked the organizers for organizing the foreign tour.
Sports Writers Association KP President Asim Shiraz said that various programs are organized for sports writers and last year, after the training program for young reporters, an MoU was signed between Pakistan and Azerbaijan.
Under this, sports journalists from both countries will be sent to each other’s countries to provide them with international experience. He said that the members of SWA, KP should use all their resources for the promotion of sports. He announced plans to send delegations on foreign tours in future as well.

Rupee gains 09 paisa against US Dollar

By
NNPS Desk
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0

ISLAMABAD, Sep 6 (APP): Pakistani Rupee on Wednesday gained 09 paisa against the US dollar in the interbank trading and closed at Rs306.97 against the previous day’s closing of Rs307.06.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs313 and Rs316 respectively.

The price of the Euro decreased by 65 paisa to close at Rs329.48 against the last day’s closing of Rs330.13, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged and stood at Rs2.08, whereas an increase of 23 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs385.45 as compared to the last closing of Rs385.22.

The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 03 and 04 paisa to close at Rs83.57 and Rs81.83 respectively.

Commissioner, DC visit Ahmadpur East to inspect flood-affected areas

By
Raiq Qureshi
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0
flood affected areas
BAHAWALPUR, Sep 06 (APP):Commissioner Bahawalpur Division Dr. Ehtesham Anwar and Deputy Commissioner Bahawalpur Zaheer Anwar Jappa visited the flood-affected areas of Ahmedpur East.
Commissioner Bahawalpur Division inspected the flood-affected areas of Mauza Pipli Rajan, Mauza Ghalwan, and Beat Langah.
He also visited the flood relief camps. He said that rehabilitation of flood affectees should be done with national zeal and dedication. He said that food, livestock feed, and medical facilities have been provided to the people living in the relief camp.
Commissioner Bahawalpur has said that essential medicines should be provided in the medical camps. Dr. Ehtsham Anwar said that precautionary measures should be taken to protect the flood affectees from contagious diseases. On this occasion, Assistant Commissioner General Muhammad Tayyab, Assistant Commissioner Ahmedpur East Ahmad Nadeem Qureshi, and the staff of the Rescue 1122 and Health Department were present.

Defense Day observed in Faisalabad

By
Raiq Qureshi
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0
defence day
FAISALABAD, Sep 06 (APP):The Defence Day was observed here on Wednesday with national zeal and zest.
The day was dawn with special prayers in mosques for the departed souls
of martyrs of the armed forces who defended the country.
The people also visited main graveyard of Ghulam Muhammad Abad and laid floral
wreaths in addition to showering rose petals on the graves of the Shuhda of Pak Forces.
They also offered Fateha for departed souls of martyrs.
The main ceremony was arranged at Divisional Model College where
Commissioner Madam Silwat Saeed unfurled the national flag.
She also addressed the function and said that Pak forces had made Pakistan invincible after
defeating the enemy.
She said that the entire nation saluted the unprecedented sacrifices of Pak Army and urged
the students to concentrate on their study so that they could serve the nation
in a befitting manner.
Regional Police Officer (RPO) Dr Abid Khan, DC Abdullah Nayyar Sheikh, City Police Officer
(CPO) Usman Akram Gondal and others were also present.
Meanwhile, the University of Agriculture Faisalabad (UAF) also organized a seminar
on “Allama Iqbal Thoughts & Pakistan’s Defence” to mark the day.
Caretaker Provincial Minister for Law and Parliamentary Affairs Kanwer Muhammad Dilshad
addressed the seminar as chief guest while UAF Vice Chancellor Prof Dr Iqrar Ahmad Khan and
others were also present.
Separately, a similar function was arranged by Anjuman Islamia Faisalabad at main graveyard of Ghulam Muhammad Abad where the speakers paid rich tributes to sacrifices of martyrs.
Later, Government College University Faisalabad (GCUF) also organized a rally.
Registrar GCUF Dr Hadayat Rasool led the rally while Principal Government Community College Dr Naeem Iqbal, Controller Examinations Raja Shahid Javaid, Director Undergraduate Department Dr Ghulam Murtaza, In charge Students Affairs Department Dr Nadeem Sohail, Public Relations Officer Zeeshan Ahmad Khan, Chairman Estate Care Dr Nadeem Sabir and others were also present.
The Government Crescent Model Boys Higher Secondary School and Government Model Girls Higher Secondary School Peoples’ Colony also arranged separate ceremonies to mark the day.
They organized speech declamations and painting contests whereas students also presented tableaus and national songs to pay tributes to the martyrs.
District Sports Department in collaboration with Kung Fu Association also arranged a martial arts show at D-Ground Park People’s Colony in which Chairman Kung Fu Association Fahad Kaleem Rana, Sadar Luqman Khan, Organizing Secretary Muhammad Ishtiaq and others were also present.

Partly cloudy weather forecast for city

By
Raiq Qureshi
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0
BAHAWALPUR, Sep 06 (APP):The local Met Office has forecast dry to partly cloudy weather for the city for the next 24 hours.
The highest maximum temperature 38 centigrade and the lowest minimum 25 centigrade were recorded during the last 24 hours.
The dry to partly cloudy weather has also been forecast for the rest of the region.

Police finalize foolproof security arrangements for Chehlum

By
Raiq Qureshi
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0
chehlum security
RAWALPINDI, Sep 06 (APP):Rawalpindi District Police here on Wednesday finalized foolproof security arrangements for Chehlum of Hazrat Imam Hussain (RA).
According to a police spokesman, the police on the directives of City Police Officer (CPO) Rawalpindi Syed Khalid Hamdani finalized foolproof security arrangements for the Chehlum of Hazrat Imam Hussain (RA) and the martyrs of Karbala.
He informed that the CPO had directed the police officers to ensure foolproof security arrangements for the Chehlum and utilize all available resources to provide tight security cover to the mourners.
More than 4,000 police personnel would be deployed for the security of the processions while 250 Traffic Wardens and City Traffic officers would also be on duty to regulate traffic on city roads, he added.
A control room would be set up in the office of the City Police Officer in Rawalpindi to ensure implementation of the security plan, he said.
He further informed that CCTV cameras were installed to monitor the processions.
Three-layer security would be provided to the processions, and walk-through gates would be installed at the entry points of the processions, he said adding, the participants would be allowed to join the main procession after a full body search.
According to CPO, under the security arrangements, no one will be allowed to stand on the rooftops of commercial and residential buildings situated along the procession routes. Snipers will also be deployed for the security of the main procession, he said.
The CPO informed that searching and sweeping of the main procession route would be carried out and streets, roads, diversion points and other routes along the main procession route would be sealed.
All available resources are being utilized to ensure foolproof security for Chehlum, the CPO added.

PDMAs, IRC collaborate to build climate resilience initiatives in Sindh, Balochistan

By
Raiq Qureshi
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0
climate change
ISLAMABAD, Sep 6 (APP):The Provincial Disaster Management Authorities (PDMAs), Sindh and Balochistan on Wednesday announced their collaborative initiative with the International Rescue Committee (IRC) to promote resilience in the aftermath of floods for the strengthening of the climate resilience initiative.
The groundbreaking endeavor was set to drive climate action and preparedness to new heights, reinforcing the collective commitment to building a resilient and disaster-resilient future, a news release said.
IRC was spearheading this collaborative effort in partnership with the PDMAs of Sindh and Balochistan. The event served as a platform for experts, officials, and stakeholders to discuss vital topics related to climate change, emergency preparedness, and response.
Country Director, IRC, Shabnam Baloch, delivered the opening remarks, setting the stage for a day of insightful discussions. In her address, the country director underscored a pressing reality that resonates across the globe: the urgency of investing in climate-resilient interventions.
She further explained the unprecedented challenges Pakistan faces due to the ever-escalating threat of climate change. She termed this threat as an immediate and tangible concern. She emphasized that the battle against climate change necessitated a collective effort, both nationally and globally.
She stressed the need for unity, cooperation, and concerted action to combat the challenges that lie ahead. The event featured a panel discussion that delves into the needs and priorities within the provinces and districts, exploring strategies for resilience building and charting a way forward.
DG PDMA Balochistan, Jahanzeb Khan, remarked, “This collaborative initiative is a testament to the power of working together to address the challenges posed by climate change and disasters”. It’s inspiring to see NDMA, PDMAs, and the IRC coming together to find solutions that will protect our communities.”
He further added, “A crucial lesson can be learned through the PDMA’s experiences: the need to prioritize infrastructure in contingency planning. Climate change is a dynamic phenomenon, and its effects are becoming increasingly unpredictable and severe with each passing year.
As a result, it is imperative to adapt contingency plans to account for these changing dynamics. Infrastructure, including resilient buildings, transportation systems, and communication networks, plays a vital role in ensuring the safety and well-being of communities during disasters”.
Additional Deputy Commissioner (ADC) Qambar Abdul Qadir brought to light the critical necessity of relief activities in rural areas, particularly in the context of floods. His statement underscores the importance of addressing the unique challenges faced by rural communities during and after such natural disasters.
He emphasized that incorporating alternative livelihood strategies into flood relief activities not only addresses the immediate needs of affected communities but also contributes to their long-term resilience and sustainability.
Commissioner Naseerabad, Balochistan, Basheer Ahmed Bangulzai shared, “In the context of flood relief activities in rural areas, considering alternative livelihoods is a crucial component. Promoting sustainable agriculture practices, such as crop rotation, organic farming, and drought-resistant crop varieties, can contribute to more reliable and resilient agricultural livelihoods. These practices can help communities bounce back more quickly after a flood”.
Director Operations, PDMA Sindh, Imdad Hussain Siddiqui’s insights echoed the broader global recognition of the importance of community engagement and adaptation strategies in the face of climate change. He added, “I believe this collaborative endeavor will enhance our ability to respond effectively to emergencies. The insights shared today will undoubtedly guide us in our efforts to protect the people of Sindh”.

President Dr. Arif Alvi in a meeting with a delegation of the Lahore Chamber of Commerce and Industry at Governor House.

By
Wajid
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0
President Dr. Arif Alvi in a meeting with a delegation of the Lahore Chamber of Commerce and Industry at Governor House.
APP34-060923 LAHORE: September 06 - President Dr. Arif Alvi in a meeting with a delegation of the Lahore Chamber of Commerce and Industry at Governor House. APP/MAF/TZD
President Dr. Arif Alvi in a meeting with a delegation of the Lahore Chamber of Commerce and Industry at Governor House.
APP34-060923
LAHORE: September 06 – President Dr. Arif Alvi in a meeting with a delegation of the Lahore Chamber of Commerce and Industry at Governor House.

APP35-060923
LAHORE: September 06 – President Dr. Arif Alvi in a group photo with a delegation of Lahore Chamber of Commerce and Industry at Governor House. APP/MAF/TZD

Youth kills fiancé in Swabi

By
Raiq Qureshi
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0
women killed
PESHAWAR, Sep 06 (APP):A youth with the help of his brother in Jahangira tehsil of Swabi district killed his fiancé and dumped her body near River Indus, police informed on Wednesday.
Police said the incident occurred in the vicinity of Tor Dher police station where a youth named Kamran along with his brothers, Imran and Arshad killed his fiancé and threw her body in Belajaat of River Indus in Moza Jahangira.
Police said the brother of the deceased girl told police that his would be brother-in-law Kamran along with brothers came to their house and took along his sister for a domestic feast. He said later he came to know that his sister has been killed.
Tor Dher police after registering a FIR against the accused, have started investigation into the incident.
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