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Pakistan earns $2,369 million from IT services’ export in 11 months

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Pakistan earns $2,369 million from IT services' export in 11 months

ISLAMABAD, Jul 19 (APP): Pakistan earned US$ 2,369.110 million by providing different Information Technology (IT) services to various countries during the first eleven months of the fiscal year 2022-23.

This shows a nominal decline of 0.59 percent as compared to US$ 2,383.140 million earned through the provision of services during the corresponding months of the fiscal year 2021-22, the Pakistan Bureau of Statistics (PBS) reported.

During July-May (2022-23), the export of computer services declined by 0.16 percent as it went down from US$ 1,913.360 million last fiscal year to US$ 1,910.39 million this year.

Among the computer services, the exports of software consultancy services witnessed a decrease of 2.38 percent, from US$ 715.743 million to US$ 698.737 million while the exports of hardware consultancy services rose by 114.50 percent from US$ 2.448 million to US$ 5.251 million.

The export and import of computer software-related services surged by 5.47 percent, from US$ 512.167 million to US$ 540.169 million whereas the exports of repair and maintenance services increased to US$ 2.822 million from US$ 1.435 million.

In addition, the exports of other computer services witnessed a decrease of 2.66 percent going down from US$ 681.567 million to US$ 663.411 million.

Meanwhile, the export of information services during the period under review declined by 8.91 percent going down from US$ 4.940 million to US$ 4.500 million.

Among the information services, the exports of news agency services decreased by 18.21 percent, from US$ 3.234 million to US$ 2.645 million whereas the exports of other information services, however, increased by 8.73 percent, from US$ 1.706 million to US$ 1.855 million.

The export of telecommunication services witnessed a decrease of 2.28 percent from US$ 464.840 million to US$ 454.220 million during the months under review, the data revealed.

Among the telecommunication services, the export of call centre services increased by 7.55 percent during the period as its exports increased from US$ 197.265 million to US$ 212.158 million whereas the export of other telecommunication services decreased by 9.53 percent, from US$ 267.575 million to US$ 242.062 million during the period under review, the PBS data revealed.

NUTECH places among world’s top 100 innovative universities

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NUTECH places among world's top 100 innovative universities

ISLAMABAD, Jul 19 (APP): Pakistan’s National University of Technology (NUTECH) Islamabad has been selected as one of the hundred most innovative universities worldwide in 2023 by the World University Ranking for Innovation (WURI).

According to the details, the global ranking agency has included the National University of Technology among the 100 universities around the world in terms of new inventions for development in the industrial sector.

The international agency has termed the university programs with respect to the industrial sector as having individual trends in global standards.

The World University Ranking for Innovation has for the first time included the National University of Technology Pakistan in the list of the most innovative universities in the world with MIT, the University of Pennsylvania and Harvard University at the top.

Surprisingly, it also includes a number of lesser-known but remarkably innovative higher education institutions that have not previously appeared in other traditional university rankings, including Pakistan’s National University of Technology, Minerva University in America, Ecole 42 in France, Simon Fraser University in Canada, Abdullah Gul University in Türkiye, Burapha University in Thailand and Samar State University in the Philippines.

The methodology for ranking is not based on tradition, fame, or popularity, but focuses on new concepts such as innovation, entrepreneurship, industrial sector development, social responsibility, openness, crisis management, and on the fourth industrial revolution.

The World University Ranking for Innovation wrote in its congratulatory message to the Rector National University of Technology that we highly value your innovation-based programs for skill and industrial development, which we think makes them invaluable to have in institutions of higher learning.

On this success of the university, Rector Lieutenant General (retd) Moazzam Ijaz said that NUTECH being counted among the hundred universities for innovation is not only an honour for the university but also for Pakistan.

He said that NUTECH has got the honour of being among the hundreds of universities in the world that are making their mark in industry development.

NUTECH, he said, was established in 2018 and its slogan is “University for Industry”, that’s why the university has made a name for itself in a very short period of time.

It is the first National University of Pakistan included in this list, he added.

Presently, he said, the university is providing advanced education in graduation and masters level programs and the university will start more graduation and masters degree programs this year.

Along with this, NUTECH is also playing its full role in the export and production of skilled manpower of international standards in Pakistan.

It is worth mentioning here that NUTECH is envisioned to be an internationally acclaimed research-driven technology university, destined to produce industry leaders of character in the coming years.

Being a bastion of learning and research, NUTECH is the ‘University for Industry’ with the motto “Leading to Progress and Excellence”.

ADB maintains growth forecast for Asia and the Pacific at 4.8%

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ADB-Asia

ISLAMABAD, Jul 19 (APP): The Asian Development Bank (ADB) is maintaining its growth outlook for developing economies in Asia and the Pacific at 4.8 percent this year, as robust domestic demand continues to support the region’s recovery.

Inflation is expected to continue falling, approaching pre-pandemic levels as fuel and food prices decline, According to the Asian Development Outlook (ADO) for July 2023 released by the ADB on Wednesday.

Growth in Pakistan in FY2023 (ended 30 June 2023) was weighed down by tighter monetary and fiscal policies to safeguard macroeconomic stability, pervasive inflation, and significant damage from flooding.

The ADO April 2023 projection for Pakistan in FY2024 assumes that the government will continue reform as recommended by the International Monetary Fund (IMF) under a new policy-support program approved on July 12.

Inflation in developing Asia is forecast at 3.6 percent this year, compared with April forecast of 4.2 percent.

The inflation outlook for 2024, meanwhile, is raised to 3.4 percent from an earlier estimate of 3.3 percent, it added.

The reopening of the People’s Republic of China (PRC) is bolstering the region’s growth. The PRC’s economy is projected to expand 5.0 percent this year, unchanged from the April forecast, amid strong domestic demand in the services sector.
However, demand for developing Asia’s exports of electronics and other manufactured goods is slowing, as monetary tightening drags on economic activity in major advanced economies.

The region’s growth forecast for next year is marginally revised down to 4.7 percent from 4.8 percent estimate in April.
“Asia and the Pacific continue to recover from the pandemic at a steady pace,” said ADB Chief Economist Albert Park. “Domestic demand and services activity are driving growth, while many economies are also benefiting from a strong recovery in tourism. However, industrial activity and exports remain weak, and the outlook for global growth and demand next year has worsened.”

ADB is maintaining its growth forecasts for most sub-regions in Asia and the Pacific. Exceptions include Southeast Asia, where the outlook is lowered to 4.6 percent this year and 4.9 percent next year, compared with April estimates of 4.7 percent and 5.0 percent, respectively.

The forecast for Caucasus and Central Asia is revised down marginally to 4.3 percent from 4.4 percent for 2023, and to 4.4 percent from 4.6 percent in 2024.

PM expresses deep sorrow over loss of 12 lives due to rain near Golra Mor

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ISLAMABAD, Jul 19 (APP):Prime Minister Muhammad Shehbaz Sharif on Wednesday expressed deep sorrow and grief over the loss of 12 lives due to heavy rain near Golra Mor, Peshawar Road here.

The prime minister prayed to Allah Almighty to rest the departed souls in eternal peace and grant courage to the bereaved families to bear this loss with fortitude.

He directed the local administration to remain on high alert due to heavy rains in the twin cities of Rawalpindi Islamabad.

ANF seizes 23067 liters prohibited chemical, 150 kg charras

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ANF - drugs

RAWALPINDI, Jul 19 (APP): Anti-Narcotics Force (ANF) in its ongoing operations against drug smugglers managed to recover 23067 liters prohibited chemicals and 150 kg narcotics.

According to an ANF Headquarters spokesman, in an operation on Kandahari Road Chaman, ANF recovered 23067 liters prohibited chemicals from a godown. The chemical was concealed there to smuggle abroad.

In the second operation conducted in a deserted area of ‘Gogodan’ village in Turbat, ANF recovered 100 kg charras concealed in bushes.

The spokesman informed that in the third operation conducted in a deserted area near Zero Point, Pasni, ANF recovered 50 kg charras concealed in bushes.

Separate cases have been registered against the accused while further investigations are under process, he added.

Motorists advised to drive carefully as intermittent rain continues

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motorist-rainy season

ISLAMABAD, Jul 19 (APP):National Highways and Motorway Police on Wednesday advised motorists to drive carefully as intermittent rain continued in different parts of the country.

“More caution is required in driving during rain and people are requested to avoid unnecessary travel during rain”, said a Motorway Police spokesman.

He said that the speed of vehicles should be kept lower than normal conditions and the distance between the vehicles should be more than usual. He said it should be ensured that wipers are in good condition and compliance with traffic rules should also be ensured.

Under vision of PM, government takes concrete steps for revival of economy: Marriyum

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Marriyum Aurangzeb

ISLAMABAD, Jul 19 (APP): Minister for Information and Broadcasting Marriyum Aurangzeb said on Wednesday that under the vision of Prime Minister Shehbaz Sharif, the present government had taken immediate and concrete steps for revival of the country’s economy.

During a meeting with Australian Ambassador to Pakistan, Neil Hawkins who called on her here, she said Pakistan valued relations with Australia.

Bilateral relations, economic stability, cooperation in the fields of film, art and culture were also discussed during the meeting.

The ambassador appreciated the current government’s efforts for stabilizing the country’s economy and the International Monetary Fund agreement.

“Thanks to government initiatives, positive results have started coming on the economic front,” the minister maintained.

She also briefed the ambassador about the establishment of the Special Investment Facilitation Council (SIFC).

Marriyum said this council would ensure the forecasting, continuity and effective implementation of the policy for economic recovery.
The SIFC would function as the apex decision-making forum, she added.

Stating that the present government fully believed in freedom of expression, she said the government introduced the Freedom of Expression Bill in Parliament in first week after coming to power.

The minister said that the Journalists and Media Professionals Protection (Amendment) Bill was in the process of approval.

An ample amount of money had been allocated for the health insurance of journalists and artists in this year’s budget, she informed the ambassador.

The minister said that PEMRA law was being amended in Pakistan and for the first time journalistic organizations had also been represented in PEMRA authority.

For the first time, she said, budgetary allocation had been made for the film industry in the ongoing fiscal year.

The minister said the government wanted to show Pakistani culture, civilization and heritage to the whole world through screen tourism.

She also informed the Australian Ambassador about the National Amateur Film Festival aimed to highlight the creativity of Pakistani youth.

She said that 25 high achievers had recently left for Australia for National Amateur Film Festival Awards.

The government had not only established a film finance fund at a cost of Rs 2 billion, but also given many concessions to the film sector, she added.

” The government will provide funds for producing films, documentaries and dramas under the new film policy”, she said.

Marriyum said that foreign filmmakers should benefit from special concessions in the field of photography and filmmaking in Pakistan.

The minister appreciated Australian media for reporting situation in Pakistan in an objective and impartial manner.

The ambassador said that an Australian company was working in Balochistan on the Reko Diq project which would undoubtedly open the door for development of Pakistan.

He also appreciated Marriyum Aurangzeb’s efforts for promoting film and culture and freedom of expression in the country.

CM directs Rwp admin to immediately complete rainwater drainage operation

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RAWALPINDI, Jul 19 (APP): Caretaker Chief Minister Punjab Mohsin Naqvi on Wednesday directed the authorities concerned with the district administration to utilize all available resources and immediately complete the rainwater drainage operation.

According to a district administration spokesman, the CM Punjab had issued special instructions to Rescue-1122, PDMA and the district administration directing them to ensure immediate drainage of water in low-lying areas of Rawalpindi following heavy rain on Tuesday night.

The CM said that immediate actions should be taken on an emergency basis for drainage of rainwater.
The officers of the administration and related institutions should remain in the field until the drainage work is completed, he ordered.
All precautionary measures should be taken in view of the urban flooding threat in Nullahs, he said adding, the situation of Nullah Lai should be continuously monitored.
After completing the drainage operation, the report should be sent to the Chief Minister’s Office, Mohsen Naqvi directed.

Pakistan first country to adopt SDGs as its own development agenda, UN forum told

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UNITED NATIONS, Jul 19 (APP): Pakistan has made “considerable progress” in integrating sustainable development into the country’s national policies and aligning its legislative agenda with the anti-poverty Sustainable Development Goals (SDGs), the National Assembly’s Deputy Speaker, Zahid Durrani has told a key UN forum.

Speaking in a segment of the High-Level Political Forum (HLPF) — held under the auspices of the UN Economic and Social Council (ECOSOC) — he said Pakistan had assumed complete ownership of Agenda 2030 for SDGs, and was working “relentlessly” to strengthen its parliamentary institutions.

Durrani said that parliaments not only reflect the aspirations of their peoples; they also undertake vital legislative, oversight, and policy review functions for the state.

The deputy speaker was addressing the HLPF’s Parliamentary Forum which is taking stock of the role of parliaments in the implementation of the SDGs over the past few years and in accelerating action in the years ahead.

“We were the first country to adopt the SDGs as its own national development agenda through a resolution adopted by our National Assembly in 2016”, Durrani told the forum.

He also said that a Parliamentary Task Force had been established to stratagize, legislate, and oversee the effort to implement the SDGs.

The national and provincial as well as special area task forces are closely monitoring progress towards the SDGs, with 20 sub-groups formed at the National parliament, the deputy speaker added.

Later, Shazia Marri, a member of the National Assembly, spoke during the session on SDG 6, which calls for ensuring access to water and sanitation for all.

“Today, 2 billion people around the world still lack safely managed drinking water. Almost half of the global population – 3.6 billion people – lack safely managed sanitation. Intense water scarcity may displace 700 million people by 2030,” she said, pointing out that Pakistan was one of the most water-stressed countries.

“Our climate is semi-arid, our food and agriculture production relies heavily on the Indus River and its tributaries for water. Pakistan has the largest continuous irrigation system in the world,” Shazia Marri said, while underscoring the need for scrupulous respect for the 1960 Indus Waters Treaty.

“We also aim to rehabilitate the Indus irrigation system and our aquifers through a project called ‘the Living Indus’,” she added.

In this regard, Shazia Marri said Pakistan had established a Standing Committee on Water Resources to oversee this project.

“In order to achieve the SDG 6 targets, it is essential for all states to improve planning, governance capability, and finance at the national, provincial and municipal levels” she stressed.

In another session on ‘Beyond GDP (Gross Domestic Product): Measuring and valuing What Matters to People and the Planet’, Senator Quratulain Marri, offered her comments on the subject.

“The fact that GDP solely gauges the size of a nation’s economy and captures its overall wealth, without considering other relevant factors, has often been overlooked,” Sen. Quratulain Marri said, and called for acknowledging its constraints as a measure of development.

Some of the factors to consider are:

— the GDP metric lacks the ability to capture income distribution within a society;

— It does not consider environmental factors;, and,

— it ignores social protection and other conditions which determine the quality of life.

Noting that the UN Secretary-General calls for the development of measures for progress on sustainable development that complement or go beyond GDP , she said that this exercise was essential to refine the very definition of development.