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

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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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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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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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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.

IRSA releases 319,400 cusecs water

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ISLAMABAD, Jul 19 (APP):Indus River System Authority (IRSA) on Wednesday released 319,400 cusecs water from various rim stations with inflow of 427,900 cusecs.

According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1517.87 feet and was 119.87 feet higher than its dead level of 1,398 feet. Water inflow and outflow in the dam was recorded as 146,700 cusecs and 160,000 cusecs respectively.


The water level in River Jhelum at Mangla Dam was 1208.50 feet, which was 158.50 feet higher than its dead level of 1,050 feet. The inflow and outflow of water was recorded 61,200 cusecs and 10,000 cusecs respectively.


The release of water at Kalabagh, Taunsa , Guddu and Sukkur was recorded as 200,200, 177,900, 144,600 and 75,400 cusecs respectively. Similarly, from River Kabul, a total of 49,800 cusecs of water released at Nowshera and 71,300 cusecs released from River Chenab at Marala.

IESCO urges for adopting precautionary measures in rainy season

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ISLAMABAD, Jul 19 (APP): The Islamabad Electric Supply Company (IESCO) has asked power consumers to adopt precautionary measures during the rainy season as little negligence can cause fatal incident.


“As the incessant rains continue in the entire IESCO’s Regions, the risk of electrical accidents becomes more prominent,” the IESCO spokesperson said in a statement issued here.


The IESCO requested esteemed customers to take necessary precautions to ensure their safety during rainfall and keep proper distance from electrical installations like transformers, electric wires, poles and meters. Never touch electrical appliances with wet hands.


Rectify outdated or faulty house wiring to protect against short circuit accidents. Avoid ironing clothes with bare feet, use rope instead of metal wire to hang clothes. Never tie animals to electric poles or under transformers.


In case of broken electric wire anywhere do not touch it but immediately inform the concerned IESCO office.

In any emergency call concerned Complaint Office, IESCO Helpline No. 118, Chief Executive Complaint and Monitoring Cell No. 051-9252933-34 or send SMS to 8118.