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NAB Multan organizes ceremony to return recovered funds to relevant departments

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ISLAMABAD, Jul 13 (APP):Under the leadership of Director General National Accountability Bureau (NAB) Multan, Engineer Masood Alam, a ceremony was held on Thursday at the regional NAB office in Multan to return recovered funds to various departments.

The event was attended by Captain (R) Saqib Zafar, Additional Chief Secretary (South Punjab), Syed Ali Haider Naqvi, Regional Business Manager Habib Bank Limited (Multan), and Engineer Shahid Hussain Ahmadi from the Punjab Public Works Department, District Muzaffargarh.

As part of ongoing investigations against officers and officials of the Punjab Food Department and Yugar, an amount of Rs. 3,549,037 was recovered and returned to the Chief Secretary Punjab on behalf of Captain (R) Saqib Zafar, Additional Chief Secretary (South Punjab).

Furthermore, NAB Multan Director General, Chaudhry Niaz Hassan, handed over two Pay Orders to Habib Bank Limited (Multan) totaling Rs. 2,989,100/- in the name of former Branch Manager Malik Muhammad Bilal.

Another Pay Order, amounting to Rs. 871,990/-, was returned to the Executive Engineer, Pakistan Public Works Department, on behalf of Engineer Shahid Hussain Ahmadi from the Public Works Department, District Muzaffargarh.

At the conclusion of the ceremony, Director General NAB Multan expressed gratitude to the attendees and reaffirmed NAB Multan’s commitment to continue its relentless efforts in accordance with the law against corrupt elements.

President for expanding ties with the Philippines, Iran, Rwanda

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ISLAMABAD, Jul 13 (APP):President Dr Arif Alvi on Thursday said that Pakistan wants to expand bilateral ties with the Philippines, Iran, and Rwanda in the fields of trade, economy, investment, culture, and people-to-people contacts.

The president made these remarks while talking to the Ambassadors-designates of the Republic of the Philippines and the Islamic Republic of Iran, and the non-resident High-Commissioner-designate of the Republic of Rwanda, who presented their diplomatic credentials to the President and made separate calls on him, here at Aiwan-e-Sadr.

President for expanding ties with the Philippines, Iran, Rwanda
The Ambassador-designate of the Republic of the Philippines to Pakistan, Ms Maria Agnes M. Cervantes, presenting her diplomatic credentials to President Dr Arif Alvi, at Aiwan-e-Sadr, Islamabad, on 13-07-2023.

Talking to the Ambassador-designate of the Philippines, Maria Agnes M. Cervantes, the president said that Pakistan was keen to expand bilateral relations with the Philippines across all areas of cooperation and expressed the need to explore new avenues of cooperation to further diversify bilateral trade and economic cooperation.

Speaking to the Iranian Ambassador-designate to Pakistan, Dr Reza Amiri Moghaddam, the president highlighted the need to promote economic engagement and mutually beneficial economic exchanges between the two countries through the established institutional mechanisms and private-sector collaborations. He called for further expanding economic ties by strengthening the existing institutional mechanisms, besides making the Border Sustenance Marketplaces functional.

President for expanding ties with the Philippines, Iran, Rwanda
The High Commissioner-designate of the Republic of Rwanda to Pakistan, Mr James Kimonyo, presenting his diplomatic credentials to President Dr Arif Alvi, at Aiwan-e-Sadr, Islamabad, on 13-07-2023.

Talking to the High Commissioner-designate of Rwanda to Pakistan, James Kimonyo, the president emphasized the need to further strengthen trade and economic relations, adding that the business communities of the two countries needed to exchange visits to boost bilateral trade.

He remarked that Rwandan businessmen should explore the Pakistani market, especially for the import of rice, textile products, pharmaceuticals, surgical instruments, and sports goods.

The president felicitated the envoys on their appointments and expressed the hope that they would play their role to further increase bilateral cooperation with Pakistan.

Hamza Sohail teases fans with latest drama trailer

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ISLAMABAD, Jul 13 (APP):Hamza Sohail, the budding Pakistani starlet left citizens in awe as he dropped the spellbinding teaser of the upcoming serial alongside the gorgeous Anmol Baloch.

Son of veteran actor Sohail Ahmed, rose to fame after his exceptional performance in star-studded and highly acclaimed project ‘Raqeeb Se’ has proven that he inherited his father’s prowess.

Turning to his social media handle, the ‘Fairy Tale’ sensation treated fans with first official teaser of latest masterpiece along with the caption “Can true love always awaken and find its true soul?”

According to the local television’s official Instagram page, the upcoming collaboration “unravels the intricacies of love, where past traumas collide with present desires”

Shortly after, the enchanting teaser grabbed citizens as well as celeb’s attention. Fans flooded the comment section with loved-up comments and best wishes for the entire team.

Applauding the ‘Fairy Tale’ co-star, Lollywood diva Sehar Khan commented “best of luck”. To which, Sohail also responded with gratitude.

Produced under the banner of 7th Sky Entertainment, the much-talked-about serial is directed under the vital direction of Mazhar Moin and penned by the lady with a golden pen Seema Munaf.

Featuring the top-notch Pakistani starlets, the stellar cast includes Anmol Baloch, Hamza Sohail, Mohsin Abbas Haider, Suqaynah Khan, Fazila Qazi, Hibba Aziz, Erum Akhtar, Ayesha Gul, Sabiha Hashmi, Akbar Islam, Zia Gurchani, Salma Asim, Kashif Mahmood and Agha Mustafa.

IMF transfers $1.2 bln to Pakistan

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ISLAMABAD, Jul 13 (APP):The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day.

Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the balance amount of $1.8 billion would be provided after two reviews that would be held in November 2023 and February 2024.

The finance minister said that the IMF funds would help improve foreign exchange reserves, adding that in total around $4.2 billion were added to the country’s reserves during the week.

These include $2 billion from Saudi Arabia, $1 billion from United Arab Emirates and $1.2 billion from IMF.

The state bank would issue the exact figures on Friday he said adding that the reserves are expect to reach between $13 to $14 billion.

The minister thanked Prime Minister, Shehbaz Sharif and his economic team for their untiring efforts made during the past eight months in materializing the programme.

The minister said that the agreement was limited to 9 months to enable new elected government to take decisions for future.

He said, Pakistan was going forward in positive direction and highlighted that there was need to consolidate the gains and take the economy to growth trajectory.

It is pertinent to mentioned here that the IMF Executive Board had approved the Stand-by Agreement (SBA) for
US$ 3 billion for Pakistan.

The staff level agreement on SBA amounting Special Drawing Rights (SDR) 2,250 million (about $3 billion or 111 percent of Pakistan’s IMF quota) was reached during the last week of June after IMF staff team led by Nathan Porter held in person and virtual meetings with the Pakistani authorities to discuss a new financing engagement for Pakistan under the arrangement.

The new SBA builds on the authorities’ efforts under Pakistan’s 2019 Extended Fund Facility supported program, which was due to expire in end-June.

According to statement issued by IMF, the arrangement comes at a challenging economic juncture for Pakistan. A difficult external environment, devastating floods, and policy missteps have led to large fiscal and external deficits, rising inflation, and eroded reserve buffers in FY23.

Pakistan’s new SBA-supported program will provide a policy anchor for addressing domestic and external imbalances and a framework for financial support from multilateral and bilateral partners.

PM Shehbaz gets briefing on Nishtar-II hospital, commends CM Naqvi,  team

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MULTAN, Jul 13 (APP):Prime Minister Shehbaz Sharif here on Thursday visited the site of Nishtar-II hospital to check the status of  mega tertiary healthcare project worth Rs 9450 million and praise Caretaker Chief Minister Mohsin Naqvi and his team for their untiring efforts that made the OPD operational and formal completion in sight, by September 30, 2023.
Soon after his arrival at Multan International airport, the prime minister reached the Nishtar-II hospital site where he received briefing from CEO Infrastructure Development Authority of Punjab (IDAP) and was informed that the project was initiated on December 29, 2019 carrying a cost of Rs 9450 million at a spacious 456 Kanal area and so far Rs 7430 million funding had been utilized, about 79 per cent of the total cost.
PM Shehbaz Sharif commended the health secretary Punjab Ali Jan Khan, Commissioner Multan engineer Amir Khatak, IDAP CEO and all relevant department who did hard work to make another most advanced tertiary healthcare facility that would benefit people of Multan, rest of south Punjab besides nearby districts of Sindh and Balochistan.
The prime minister said, the machinery had arrived and expressed his desire for completion of the project as per the schedule.
Shehbaz Sharif later told media persons that a lot space was available around the project site and added that he would talk to the chief minister to develop a medical city there.
After the briefing, the prime minister accompanying Federal Minister for Information and Broadcasting Marriyum Aurangzeb,  Chief Minister Naqvi and others visited the Nishtar-II OPD where he talked to some patients and enquired after their health and the level of facilities being provided.
MNA Ahmad Hussain Dehar, on this occasion, thanked the prime minister for providing NIshtar-II facility and described it as a gift for Multaniites. “We had lost hope that project would see the light of the day. But with your support, this project will complete soon,” he added.
Earlier before the arrival of the prime minister,  Mohsin Naqvi visited the Nishtar-II, visited its different sections and reviewed the pace of progress.
Foolproof security arrangements were put in place by the police on the occasion.

Citizens, authorities concerned to remain watchful amid new monsoon spell start: Sherry

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ISLAMABAD, Jul 13 (APP):Federal Minister for Climate Change and Environmental Coordination, Senator Sherry Rehman on Thursday urged the citizens and authorities concerned to remain watchful amid start of new spell of monsoon.

The federal minister took to Twitter to share the update as the new spell of monsoon season had commenced.

Senator Rehman said that rains with thundershowers were likely in different areas of Islamabad, Punjab, Sindh, Balochistan, Khyber Pakhtunkhwa, Gilgit-Baltistan and Kashmir. “This new wave of monsoon is likely to continue till July 17. In the meantime, instructions have also been issued to all concerned institutions to remain alert,” she said.

The minister added that from July 13 to 17, Islamabad, Rawalpindi, Peshawar, Gujranwala and Lahore were expected to face flooding in low-lying areas due to heavy rain.

While there is a risk of landslides in the hilly areas of Murree, Guliyat, Kashmir, Gilgit-Baltistan and Khyber Pakhtunkhwa, she said, adding, “Tourists in these areas are requested to be cautious to avoid any unpleasant situation during rains.”

She added that wind, thunder and heavy rains could damage vulnerable infrastructure like electricity poles, solar panels, and mud houses.

IMF deal, a self-evaluation moment for Pakistan to focus on financial self-reliance: PM

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IMF deal, a self-evaluation moment for Pakistan to focus on financial self-reliance: PM

MULTAN, July 13 (APP): Prime Minister Shehbaz Sharif on Thursday said the deal inked with International Monetary Fund (IMF) was a moment for Pakistan to reevaluate its policies towards attaining the goals of financial self-reliance.

“The IMF agreement is not a moment of rejoice, but to assess the state of affairs as to how the country has become dependent on loans and foreign grants,” he said in his address at the PM Youth Loan and Laptop Scheme event here at the Bahauddin Zakariya University.

The IMF’s executive board on Wednesday approved the $US3 billion stand-by agreement for Pakistan to help overcome its current financial challenges.

The prime minister said though the country had averted the dangers of default, however, consistent efforts were required to stabilize the economy from recent external shocks.

IMF deal, a self-evaluation moment for Pakistan to focus on financial self-reliance: PM

He emphasized a united approach by all segments of the country including the government, the State institutions, and the nation to lead the country towards financial self-reliance.

“A nation, which learn from its mistakes and takes corrective measures, attain the goals of prosperity,” he said.

Terming youth the future of Pakistan, he said the development policies must ensure their inclusion in national mainstream.

The government, he said, was pursuing the vision of encouraging the youth in educational and professional fields.

He appreciated the brilliant students who were focusing their energies on education with dedication and hard work.

He recalled establishing several Danish schools across Punjab and south Punjab for underprivileged students to help them excel.

The prime minister said contrary to nepotism, merit could help drive the students belonging to underprivileged backgrounds to achieve success in their fields.

He mentioned that due to the restraint of resources, only 100,000 laptops were being distributed under the programme and stressed the need for expanding the project to benefit a large number of students.

IMF deal, a self-evaluation moment for Pakistan to focus on financial self-reliance: PM

PM Sharif pointed out that during the tenure of the previous government, industrialists were given loans on a meager four percent markup which incurred big losses to economy.

Had these loans been given to students for entrepreneurship, the outcome would have been much positive and better, he added.

He announced to increase in the number of laptops for students up to five million and set up a Medical City in Multan if their party came to power in the next general election.

He also announced the construction of a flyover at Shujaabad to facilitate the people of the area.

The prime minister on the occasion distributed laptops among the talented university students on merit and also gave away cheques of entrepreneurship loans to youth.

Governor Punjab Balighur Rehman, Caretaker Chief Minister Punjab Mohsin Naqvi, Information Minister Marriyum Aurangzeb, Special Assistant to PM Atta Tarar, Vice Chancellor Bahauddin Zakariya University Dr Muhammad Ali Shah, and provincial government officials were present.

Pakistan hopes to take CPEC into next phase with greater vigor: Ahsan Iqbal

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BEIJING,Jul 13 (APP):Pakistan is looking forward to taking the China Pakistan Economic Corridor (CPEC) into the next phase with greater vigor and hopes to see the fruits of the CPEC benefit not only China and Pakistan, but the whole region, said Ahsan Iqbal, the Minister of Planning, Development and Special Initiatives.

Ahsan Iqbal was talking to the Global Times in an interview after a meeting of the 12th Joint Cooperation Committee (JCC) of the CPEC in Beijing.

Iqbal, who has extensive experience and long-standing involvement in the CPEC, said he was overwhelmed at how much has been accomplished by the CPEC in just 10 years.

The beauty of the CPEC is that it is a project between two countries that enjoy a very unique relationship, Iqbal said. “Normally, countries come close when they need to, and they get farther away when they don’t need each other. But in the case of China and Pakistan, it has been always spring. There has never been autumn in this relationship.”

This year marks a decade of the CPEC. The landmark project was formalized on July 5, 2013.

The CPEC has done a great service to Pakistan, helping it overcome the energy crisis, develop modern infrastructure and restore the country’s image as an investment destination. Prior to the CPEC the world used to look at Pakistan as a very dangerous country, the minister said.

Pakistan would be facing an extreme energy crisis today without the projects launched under the CPEC, Iqbal emphasized.

Everyone in Pakistan has benefited from the great contribution that has been made by the CPEC, he added. If there was a lack of electricity, factories would be closed and workers would be laid off; patients in hospitals and students in educational institutions would also be stranded.

He mentioned the Thar region of Pakistan, which was once a backward area, saying the CPEC has transformed the region into a source of energy for the country. Local education, employment, hospitals and schools have also flourished.

The projects also empower local women in the region, Iqbal noted. “You will be amazed to see that local women are driving the heavy trucks, which take coal out of the mines.” In total, the CPEC projects have created about 200,000 job opportunities.

Iqbal said Pakistan now has a lot more vigor to move forward on the CPEC, adding that many projects that were delayed in previous years were completed in the last year.

He said that Pakistan is looking forward to taking the CPEC into the next phase with greater vigor. “I hope that the next phase will bring many dividends for the wider region beyond Pakistan and China. We hope one day the whole of South Asia, Central Asia and the Middle East will benefit from the CPEC.”

When talking about the mega projects within the second phase of the CPEC, Iqbal expressed his hope to see the start of major upgrades to the Main Line 1 railway between Karachi and Peshawar with China’s help as soon as possible in 2023. Modernization and upgrades are urgently needed for this aging railway line, especially as it was badly damaged by the floods last year.

This $10-billion project was supposed to be done in the first phase, but it got delayed in the last four years, Iqbal said.

Iqbal refuted claims in the Western media that the CPEC has not lived up to expectations and has become a “debt trap,” saying that instead it has “outperformed the expectations. The propaganda [from the West] that the CPEC is a debt trap is all false. All the negative propaganda against the CPEC has a political element. It has no reality,” he told the Global Times.

Infrastructure was the priority of the first-phase of the CPEC, and the second phase will focus on industrial cooperation and business linkage through increasing investment in sectors such as energy, agriculture, information technology and mining, according to Iqbal.

Pakistan is working on nine Special Economic Zones (SEZs) which will provide more opportunities for Chinese investment. Rashakai, one of the nine SEZs, will be inaugurated later this month, and other SEZs are also in advanced stages, Iqbal revealed.

In the energy sector, Pakistan is actively pursuing solar energy and is hoping to invite Chinese companies to set up solar power production plants, Iqbal noted.

Chinese officials are highly concerned about the safety of Chinese citizens in Pakistan and hope that the Pakistani side will continue to take strong security measures.

On security in Pakistan, the minister said Pakistan is taking extra precautions for the security of Chinese people, and have provided four layers of security dedicated to CPEC projects including deploying a special army force with 10,000 personnel, which has been integrated with police, paramilitary forces and local security.

As the CPEC is a strategic project with big geopolitical implications, enemies are always looking for opportunities to disrupt it either through terrorist acts or creating miscommunication, the minister emphasized.

IT Ministry signs agreement to enhance connectivity in Balochistan

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ISLAMABAD, Jul 13 (APP):The Ministry of Information Technology has embarked on two significant projects worth Rs. 69.8 billion to bolster connectivity in Balochistan province.

Federal Minister for Information Technology Syed Amin-ul-Haque and Minister for Science and Technology Agha Hassan Baloch here on Thursday jointly initiated the execution of these projects.

The agreements were signed by USF CEO Haaris Chaudhary and Ufone’s Chief Executive Officer Hatem Bamatraf.
The projects, funded through the Universal Service Fund via Ufone, aim to provide the fastest connectivity to commuters and residents along the motorway.
The first project will involve an investment of Rs. 47.82 billion in laying 478 kilometers of optical fiber cable, linking Gwadar, Quetta, Awaran, Khuzdar, Jhal Magsi, Qambar Shahdadkot, and Larkana.
The second project, costing Rs. 19.6 billion, will offer broadband services to 34,000 individuals in 47 villages surrounding Sabi.

On the occasion, Amin-ul-Haque said, the projects will be completed in 18 months with funding from the Universal Service Fund through Ufone.

The minister said, the project aims to provide the fastest connectivity to commuters and populations residing along the motorway.

He highlighted that in the past four years, 83 broadband projects worth Rs. 77 billion were initiated nationwide.

These initiatives reflect the government’s commitment to expanding broadband infrastructure in Balochistan, with numerous projects already underway across the province.

Moreover, 21 broadband projects worth Rs. 27.12 billion have been launched in 30 districts of Balochistan.

Calls for comprehensive marketing strategy to promote Pakistan’s IT services

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ISLAMABAD, Jul 13 (APP):Chairman Rice Research and Development Board Punjab Shahzad Ali Malik on Thursday stressed the urgent need for developing a comprehensive marketing strategy to promote Pakistan as a preferred destination for IT services and solutions for capturing growing global markets.

Talking to a delegation of industrialists led by CEO IT Professionals Mian Faiz Bukhsh, the chairman said investment in improving the country’s IT infrastructure, including high-speed internet connectivity, reliable power supply, and data centers would create a conducive environment for IT companies to operate and attract foreign investment, said a press release.

He said Pakistan’s IT sector growth and potential holds importance for the country’s economy.

He emphasised that the IT sector has become a crucial driver of economic growth, contributing to the development of the domestic market, foreign trade, e-government initiatives, and fintech advancements.

To catalyse economic growth through digital transformation, Pakistan needs to address the challenges of low adoption, enhance internet connectivity across the country, and priorities efforts to improve digital literacy among its population, he added.

He urged the government to introduce policies and regulations that promote ease of doing business for IT companies.

Shahzad said streamlining administrative procedures and tax incentives will definitely attract foreign direct investment (FDI) in the IT sector.

“Government also must encourage collaboration between the public and private sectors to jointly invest in the IT industry. This can involve partnerships in research and development, infrastructure development, skill development, and market access initiatives”, he added.

He said government should also promote research and development by allocating resources and incentives for development activities in the IT sector.

He said it will foster innovation, leading to the development of cutting-edge technologies and solutions that can be exported to international markets.

He underlined the need to address the small size and financial limitations of local IT firms, the low domestic demand for IT services, and the lack of exploration of non-traditional export markets.

Shahzad Ali Malik said setting up more technological parks and Incubators is need of the hour where IT companies can operate and collaborate.

He said these dedicated spaces can provide infrastructure, mentorship, and networking opportunities, enabling startups and small businesses to thrive and scale their operations.

He said government should also fully support the growth of the digital freelancing industry in Pakistan which could be done by providing training programs, creating freelancing hubs, facilitating secure online payment systems, and promoting the availability of a skilled workforce for international clients.