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Australian HC calls on KP minister, discusses economic ties, investment opportunities

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PESHAWAR, Jul 12 (APP): Australian High Commissioner to Pakistan Mr.Neil Hawkins, on Wednesday, called on Khyber Pakhtunkhwa Caretaker Minister for Industries Commerce and Technical Education Adnan Jalil, here in Civil Secretariat at Peshawar, and discussed with him matters of mutual interest with special emphasis on economic relations and foreign investment opportunities in the province.

The caretaker minister on this occasion, expressed that Pakistan and Australia have cordial relations of extreme importance. He added that the Pakistani diaspora and thousands of Pakistani students and businessmen living in Australia play a key role in the strengthening of bilateral ties between the two countries.

Jalil on the occasion, discussed with the High Commissioner various avenues for further improvement of bilateral ties in the special context of foreign investment opportunities in Khyber Pakhtunkhwa.

He added that Khyber Pakhtunkhwa is going to make a hub of investment opportunities and has the potential in various sectors like tourism, hydropower, food, agriculture, mines, technical education and so many other areas while we will welcome Australian investors to come forward for investing here.

On this occasion, the High Commissioner said that Australia have a cordial relationship with Pakistan and we believe to make strengthening these ties more.

He said that in Khyber Pakhtunkhwa, there is a lot of potential for foreign investment and he will try to attract the Australian companies here.

During the meeting, a brief presentation was also presented to the ambassador regarding foreign investment potential and opportunities in Khyber Pakhtunkhwa.

NDMA for protective measures amid medium to high level flood forecast in River Sutlej

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NDMA

ISLAMABAD, Jul 12 (APP): The National Disaster Management Authority (NDMA) on Wednesday issued an advisory alert for the provincial departments to ensure proper protective measures amid medium to high-level flood forecast in River Sutlej.

According to the NDMA, during the next 24-48 hours, a medium to high level of flood was expected in Ganda Singhwala in the area along River Sutlej, and adjoining low-lying areas may come under the influence of the possible impacts.

Moreover, it said there was a possibility of heavy rain with strong winds, and thunderstorms in different cities of the country.

There would be a risk of floods in low-lying areas and landslides in the mountainous areas, strong winds and thunderstorms can damage weak and dilapidated power poles, solar panels, billboards, tall trees or structures under construction, it said.

The safety measures included that the district administration should ensure the provision of emergency personnel and machinery including dewatering pumps in flood-prone areas, to maintain the flow of traffic, the administration should ensure a parallel traffic plan during drainage operation from underpasses and low roads, ensure the completion of stock taking by the concerned district administration.

The administration of the flood-prone areas should continue monitoring the sensitive areas, especially at the river Chenab’s Trimmu and the Ravi River’s Jassar areas until July 20th.

The Provincial Disaster Management Authority (PDMA) Punjab should ensure timely evacuation of the residents of the low-lying areas around the Rivers Chenab, Ravi, Sutlej and its associated canals.

The Rescue services, armed forces, and NGOs active in the respective areas should be ready to ensure emergency personnel, machinery and quick response in emergency situations.

Ishaq Dar seeks roadmap for outsourcing of first airport

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Federal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar chairing a meeting of the Steering Committee to oversee the outsourcing of airports’ operations.

ISLAMABAD, Jul 12 (APP):Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday sought a roadmap with timelines to move forward for the outsourcing of the first airport to improve service delivery and match the best international aviation practices in Pakistan.

The minister was chairing a meeting of the steering committee to oversee the outsourcing of airports’ operations, according to a Finance Ministry press release.

Officials of the International Finance Corporation, the transaction advisor, briefed the meeting about the latest status and progress on the matter.

Besides the IFC team, the meeting was attended by Federal Minister for Aviation and Railways Khawaja Saad Rafique; Special Assistant to the Prime Minister (SAPM) on Finance Tariq Bajwa; SAPM on Government Effectiveness Dr Muhammad Jehanzeb Khan; and senior officers from Aviation and Finance divisions.

A labourer loading sack of onion on delivery vehicle at Islamabad Fruit and Vegetable Market

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A labourer loading sack of onion on delivery vehicle at Islamabad Fruit and Vegetable Market
APP05-120723 ISLAMABAD: July 12 - A labourer loading sack of onion on delivery vehicle at Islamabad Fruit and Vegetable Market. APP/ADZ/MAF/TZD
A labourer loading sack of onion on delivery vehicle at Islamabad Fruit and Vegetable Market
APP05-120723 ISLAMABAD

A customer busy in selecting and purchasing mosquitoes net from a vendor at Pirwadhai

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A customer busy in selecting and purchasing mosquitoes net from a vendor at Pirwadhai
APP04-120723 RAWALPINDI: July 12 – A customer busy in selecting and purchasing mosquitoes net from a vendor at Pirwadhai. APP/ADZ/MAF/TZD
A customer busy in selecting and purchasing mosquitoes net from a vendor at Pirwadhai
APP04-120723 RAWALPINDI

Murtaza Javed Abbasi, Federal Minister for Parliamentary Affairs/Minister Incharge Prime Minister’s Public Affairs & Grievances Wing attending “Open Kachari” at Commissioner Office

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Murtaza Javed Abbasi, Federal Minister for Parliamentary Affairs/Minister Incharge Prime Minister’s Public Affairs & Grievances Wing attending “Open Kachari” at Commissioner Office
APP01-120723 RAWALPINDI: July 12 – Murtaza Javed Abbasi, Federal Minister for Parliamentary Affairs/Minister Incharge Prime Minister’s Public Affairs & Grievances Wing attending “Open Kachari” at Commissioner Office. APP/ADZ/MAF/TZD
Murtaza Javed Abbasi, Federal Minister for Parliamentary Affairs/Minister Incharge Prime Minister’s Public Affairs & Grievances Wing attending “Open Kachari” at Commissioner Office
APP01-120723 RAWALPINDI
Murtaza Javed Abbasi, Federal Minister for Parliamentary Affairs/Minister Incharge Prime Minister’s Public Affairs & Grievances Wing attending “Open Kachari” at Commissioner Office
APP02-120723 RAWALPINDI

PM stresses balance in pricing of life-saving drugs & pharma sector growth

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ISLAMABAD, July 12 (APP): Prime Minister Shehbaz Sharif on Wednesday stressed the formulation of a balanced strategy that could lower the pricing formula of life-saving drugs and also ensure the growth of the country’s pharmaceutical industry.

Addressing the Pharma Export Summit and Awards (PESA-2023), he said the government was committed to protecting the poor on one hand besides helping the pharmaceutical sector to thrive.

The event organized by Pakistan Pharmaceutical Manufacturers’ Association (PPMA) gathered corporate heads of national and multinational pharmaceutical companies and pharma experts.

The prime minister said the country’s pharmaceutical industry was playing an important role in meeting the demands of medicine. He paid tribute to the companies for propelling the export of medicines.

Because of the steep rise in the cost of raw materials, he said, the prices of medicine witnessed an upsurge. He, however, stressed that the situation must not lead to conflict with the production of life-saving drugs.

PM Sharif constituted a committee to resolve the issues and demands of the pharma industry within two weeks. He hoped that before the completion of the constitutional term of the incumbent government, the matters pertaining to the pharma industry would be resolved amicably.

The prime minister expressed confidence that the board meeting of the International Monetary Fund this evening would help open more Letters of Credit (LCs) relating to pharma products.

“This is just the beginning of a long journey, for which, the government, businessmen and all institutions need to work together,” he said.

He said the nation could make remarkable progress if all segments work with unity within their ambits.

Regarding Saudi Arabia’s $2 billion deposit with the State Bank of Pakistan, the prime minister gave the entire credit to army chief General Asim Munir, saying this happened “purely due to his untiring efforts”.

Shehbaz Sharif recalled that in 2016, while serving as Chief Minister of Punjab, he effectively carried out transparent procurement of medicines for the government hospitals, saving Rs 8 billion.

He mentioned that state-of-the-art laboratories were set up in the province in collaboration with a British company.

Chairman PPMA Syed Farooq Bukhari said the pharmaceutical industry of Pakistan witnessed a 25 percent growth compared to the previous year.

He highlighted the economic aspect of the pharmaceutical industry and managing the supply of life-saving drugs under Drug Regulatory Authority of Pakistan (DRAP). Also, he pointed out that DRAP needed to ensure quality assurance of medicines in the markets.

The 6th Pakistan Pharma Summit and PESA’23 was held with the aim to celebrate the achievements of the pharmaceutical industry and foster collaboration among stakeholders.

Founded in 1961, the PPMA is recognized by the government of Pakistan as the only representative Pharma body in the country having 400 members which comprises both national and multinational companies.

President asks bank to refund lost amount, apologize to fraud victim

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ISLAMABAD, Jul 12 (APP):President Dr Arif Alvi has rejected a representation filed by Bank Alfalah Ltd (BAFL) against the decision of Banking Mohtasib directing it to send an apology to a customer for enabling online transaction/payment system on his credit card without his consent and neglecting his timely complaint about a disputed transaction.

He said that when Internet Banking Facility was provided by a bank to its customers, it was incumbent upon the bank to educate its customers about its pros and cons. He also directed BAFL to refund the lost amount of Rs 66,850 along with the profit to the customer.

The President gave these remarks while deciding upon a case wherein Muhammad Yar (the complainant) had filed a complaint before the Banking Mohtasib stating that he had a Bank Alfalah Credit Card and a scam of Rs.66,850/- occurred on his Credit Card when his card was used at Noon-e-Commerce solution.

He informed the bank that he had not done this transaction and requested to stop this online transaction/payment. The bank had initially reversed this transaction amount but surprisingly after six months, the bank had deducted this amount from his Credit Card.

Feeling aggrieved, he escalated his complaint before the Banking Mohtasib which directed BAFL to refund the lost amount. The Bank, then, filed a representation with the President against the decision of the Mohtasib.

The President held a personal hearing of the case and rejected the representation of the bank. In his decision, he noted that the complainant was not conversant with Internet/Digital Banking and became aware of the transaction on receipt of a call from the bank’s real-time Monitoring Unit wherein he told the Bank’s representative that he did not perform the disputed transaction.

He added that the bank was duty-bound to take care of its customer’s interest by instantly reporting the unauthorized/fake transaction, instead, it waited for the lodgement of a formal complaint. He observed that when BAFL was advised to submit the SMS or e-mail through which OTP was delivered to the customer, BAFL failed to submit the required information even after continuous follow-up. “Non-submission of information/document of vital evidence reflects that either the Bank does not have the record or the OTP was not sent”, he said.

The President further pointed out that BAFL was found non-compliant with various regulations/directions of the State Bank of Pakistan which made it incumbent upon the bank to fully inform the customer about the Electronic Funds Transfer facility in plain language, besides obtaining the customer’s consent before the start of such facility.

The President concluded that since BAFL failed to controvert the claim of the complainant and the findings of the Banking Mohtasib, failed to discharge the burden and statutory liability cast upon it under the law and could not establish that the internet banking facility was activated with the consent of the complainant, therefore, the representation of the Bank was devoid of merit and deserved to be rejected.

The President, hence, directed BAFL to send an apology to the customer and return him the lost amount along with the profit.

Huawei, Khazana Enterprise join hands to build first national Hyper-Scale financial cloud

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ISLAMABAD, Jul 12 (APP):In a groundbreaking development for Pakistan’s ICT industry and overall economy, Huawei Technologies Ltd and Khazana Enterprise have joined forces to build the country’s first hyper-scaler financial cloud.

The announcement was made at a prestigious launch event attended by key leaders from the financial industry, government, and business sectors of Pakistan.

The establishment of the First National In-Country Cloud represents a significant leap forward, not only for Pakistan’s ICT industry but also for its economy as a whole.

Previously, Pakistan had been denied access to millions of dollars for cloud services, but this initiative will eliminate that barrier. It opens the door for entities to opt for a local cloud solution that benefits both local businesses and the national treasury.

During the event, Nadeem Hussain, the Executive Chairman of Planet N Group, congratulated Huawei Management and Khazana team for the successful cloud launch, emphasizing the importance of digital storage solutions like cloud technology in building a digital Pakistan.

He highlighted the advantages of cloud storage, such as flexibility, agility, cost-effectiveness, and cybersecurity, and praised Huawei Cloud as one of the top cloud service providers capable of addressing these needs.

Mr. Bob Din, Chairman of Khazana, extended his congratulations to the tech industry of Pakistan, particularly the Khazana team and Huawei Cloud team, for their progressive initiative. He also acknowledged the conducive regulatory environment provided by the Pakistani authorities for the development of cloud infrastructure.

Mr. Shahzad Rasheed, CEO of Huawei Cloud Pakistan, emphasized the era of disruption and the need for organizations, especially banks, to embrace digital transformation. He highlighted the importance of digital drivers such as AI, IoT, and Machine Learning, which require cloud hosting. Huawei Cloud, as one of the three hyper-scalers with a federated cloud available in Pakistan, differentiates itself by providing software services and out-of-the-box solutions with a single click for digital banks.

Mr. Akif Saeed, Chairman of SECP, acknowledged the importance of data protection and commended the partnership between Huawei and Khazana for addressing regulator and end-users concerns regarding data sovereignty and security. He emphasized the significance of data as the new oil or wealth that needs protection.

Ms. Sima Kamil, Deputy Governor of the State Bank of Pakistan, expressed her appreciation for the launch of Huawei Cloud and highlighted the five main reasons why the SBP approves of this indigenous cloud model. These reasons included addressing data security concerns, ensuring data remains within the country as per relevant laws and regulations, providing control over sensitive information, reducing latency and improving efficiency, contributing to economic growth and employment generation, and optimizing costs.

Ms. Kamil concluded by stressing the importance of cloud infrastructure in reducing dependence on data and fostering the data economy.
Huawei Cloud, with its presence in 29 regions worldwide, has become the preferred choice of customers in industries such as finance and manufacturing for cloud migration. As a global provider of ICT infrastructure and smart devices, Huawei is committed to enabling a fully connected, intelligent world.

Khazana Enterprise, dedicated to providing innovative products and services, aims to simplify and enhance the lives of individuals and businesses across Pakistan. With a customer-centric approach, Khazana plans to establish physical service centers and dedicated customer support channels, emphasizing human interaction to address customer concerns throughout their financial journey.

The launch event solidified the collaboration between Huawei and Khazana Enterprise, marked by the signing of Memoranda of Understanding (MOUs) with fintech companies, including Raqami Islamic Digital Bank, HengShan, and TitliS Technology. Khazana’s National Cloud services will establish a robust and secure infrastructure, enhancing operational efficiency, reducing costs, and fostering innovation across various sectors. Khazana envisions a thriving digital ecosystem where businesses can collaborate and contribute to Pakistan’s economic growth.