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Dar calls for expediting process of promotion of Islamic banking in country

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APP58-29 ISLAMABAD: November 29 - Finance Minister Senator Mohammad Ishaq Dar meeting with the Governor State Bank of Pakistan Ashraf Mehmood Wathra. APP

ISLAMABAD, Nov 29 (APP): Minister for Finance Senator Mohammad Ishaq Dar on Tuesday called for expediting the process of promotion of Islamic banking in the country.

He urged that the existing Islamic banking products should be promoted and work on the introduction of new products in the market should be prioritized.

The finance minister made these remarks in a meeting with the Governor State Bank Pakistan (SBP) Ashraf Mahoood Wathra and Saeed Ahmad, Deputy Governor SBP.

The minister was briefed on the measures being taken for expansion of the Islamic banking. Islamic banking in Pakistan had recorded a noticeable growth.

The proliferation of Islamic banking products would provide the citizens of the country with more banking choices.

The present government had always sported Islamic banking and issuance of Sukuks during the last three years was a result of the government’s decision to support and promote Islamic banking.

The minister acknowledged the progress and appreciated the efforts being made in this regard.

He emphasized the need for coordination between all stakeholders for
implementation of Islamic banking reforms.

In this regard, a meeting of the committee for Implementation of Recommendations on the Steering Committee for promotion of Islamic banking had also been called by the finance minister on December 3 at the ministry of finance.

New US$ 4 million Japanese grant to procure 3.9 million IPV doses

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APP56-29 ISLAMABAD: November 29 - Senator Ayesha Raza Farooq, PM's Focal Person for Polio Eradication witness the exchange of note between Government of Japan, (JICA) and the (UNICEF) for the Project for the Control and Eradication of Poliomyelitis”. APP

ISLAMABAD, Nov 29 (APP): The government of Japan, Japan International Cooperation Agency (JICA) and the United Nations Children’s Fund (UNICEF) signed Tuesday an agreement of Japanese Yen 404 million (US$ 4 million) grant for procurement of 3.9 million doses of the Inactivated Polio Vaccine (IPV) and associated items; sufficient to vaccinate 3.3 million children between 4 to 23 months of age.

The latest grant under “the Project for the Control and Eradication of Poliomyelitis” will support in the highest risk districts of the polio virus in Pakistan.

Speaking at signing ceremony, Senator Ayesha Raza Farooq, Prime Minister Focal Person for Polio Eradication said, “The current polio virus picture for Pakistan is the best ever seen.

We are most definitely at a crossroad now – we are close but we will need everyone’s commitment to reach our goal.

I take this opportunity to extend the appreciation and gratitude to government of Japan for its unwavering support to Pakistan’s effort to reach every missed child, and to end polio forever”.

Takashi Kurai, Ambassador Extraordinary and Plenipotentiary of Japan to Pakistan was optimistic about headway in polio control.

“We are hopeful that the use of IPV in vaccination campaigns will ensure any emerging immunity gap among the new born and other children younger than two years in areas that continue to harbour the polio virus is quickly closed”, the Japanese Ambassador said.

Yasuhiro Tojo, Chief Representative, JICA in Pakistan said “There has been real progress in reducing the number of new infections in Pakistan.

Now is the time to make the final push to eradicate polio. “We hope this investment will ensure future generations will no longer have their lives blighted by this crippling disease”.

Cristian Munduate, Deputy Representative of UNICEF Pakistan said, “Japan is a time-honored and trusted supporter of the children of Pakistan.

UNICEF is thankful to Government and people of Japan for their generous contributions to Pakistan Polio Programme. This grant represents a major commitment by Japan to the health of children in Pakistan”, she said.

Pakistan is making significant progress in the fight against polio.
Last year, Pakistan achieved an 82% reduction in the number of children paralyzed by polio down to 54 cases compared to 306 in 2014.

During the current year Pakistan has shown further improvement by bringing down the number of cases from 45 in November 2015 to 18 so far in 2016.

FIH must review holding of elite hockey events in India: Jr team head coach

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Need to focus on qualifying for WC: Tahir Zaman

LAHORE, Nov 29 (APP): Head coach of Pakistan Junior hockey team,
former Olympian, Tahir Zaman has urged the International Hockey
Federation (FIH) to review its decision for allocating elite international hockey tournaments to India so that it should not deprive any team of participation the way it did in the case of Pakistan by not issuing visas to the junior team.

“Indian authorities deprived Pakistan junior team of taking part in the
Junior World Hockey Cup, commencing in Lucknow from December, by not issuing visas without any valid justification or reason,” he told the media here on Tuesday at National Hockey Stadium.

He said that the PHF applied for the visas of the team weeks ago but
the Indian authorities mixed politics in sports and did not issue visas which clearly shows the intention of the Indian authorities that they want to keep Pakistan team away from the World Junior hockey cup.

“They (Indian authorities) have given an excuse that we (PHF) did not
apply for the visas timely, whereas they have included Malaysia in place of Pakistan and with few days left in the start of the Cup how would they be able to grant them (Malaysia) visas,” he questioned.

“Our team was not given visas on one pretext or another to block its
way into the World Junior Cup which is quite unfortunate and against the spirit of the game,” said the former Pakistan captain.

He said that the hockey family around the world and lovers of the game
have strongly condemned the negative act of the Indian Government for not issuing visas to the Pakistani team.

“Even the status and repute of the Word Junior Cup is at stake in the
absence of hockey team as Pakistan is among world’s best hockey team and has a glittering past in the game,” he said adding “With the absence of Pakistan from the event the broadcasters will suffer huge financial loss and the event will become colorless and less competitive.”

Tahir Zaman urged the FIH and the International Olympic Committee to
look into the matter and take remedial measures for not happening of such an incident in future in the larger interest of the games, specially hockey.

He said Pakistan government and the PHF took wise decision by allowing
its team to feature in the Junior World Cup in India despite tension at the borders and set an ideal example of fair play and spirit by keeping the sports away from politics.

“On the other hand the Indian government showed a negative gesture
and deliberately kept the Pak team away from the Cup due to which
reputation of India as a sports loving country has been damaged,” he asserted.

To a question, he said no matter Pak junior team was not among
favourite teams of the World but it was fully prepared to put up a decent show in the Cup.

“Our team has the potential to win the Cup as nothing is impossible and Pakistan players are disappointed not to be a part of the World Cup,” he added.

DG SBP, Zaheer Abbas inaugurate cricket academies

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LAHORE, Nov 29 (APP):- Director General Sports Punjab, Zulfiqar Ahmed Ghumman and Head of Cricket Coaching Academies SBP Zaheer Abbas inaugurated Sports Board Punjab’s cricket coaching academies at APS Boys High School Model Town and Pilot Secondary School for Boys Wahdat Road here on Tuesday.

DG Sports Punjab Zulfiqar Ahmed Ghumman and Head of Cricket
Academies SBP Zaheer Abbas were warmly received at both the academies. Director Sports Muhammad Anees Sheikh, Deputy Director Hafeez Bhatti, Deputy Director Tariq Wattoo and Assistant Director Waqas Akbar were also present on the occasions.

A number of young students also witnessed the opening ceremonies at both the venues.

Addressing the inaugural ceremony Zulfiqar Ahmed Ghumman said
Punjab Chief Minister Shahbaz Sharif was giving top priority to the promotion of sports in the province.

“There is plenty of talent in Pakistan and we are making efforts to polish the raw talent by establishing academies in various parts of  the province. These academies will be beneficial to a great extent for Pakistan cricket. After some time we will be able to provide sufficient back up talent to national cricket team,” he added.

Zaheer Abbas said Sports Board Punjab under the leadership of DG SBP is taking effective measures to give equal opportunities to talented youngsters of the province. “The way Sports Board Punjab is giving
emphasis to provide the best training facilities to potential youngsters
we can expect that Pakistan will have several world class players out of these talented players in near future,” he elaborated.

The Principal of APS Boys High School Model Town appreciated the
establishment of cricket academy at the school saying that SBP has won the hearts of young players by launching top level academy under the supervision of cricket legend Zaheer Abbas. “It’s also a great honour for all of us to have legendary cricketer Zaheer Abbas in our school,” he said.

It is worth mentioning here that four cricket academies have already
been launched in recent weeks under the banner of Sports Board Punjab (SBP) at Rawalpindi, Sialkot, Lahore (women academy at Kinnaird College) and Multan.

Musical film ‘Goodbye Mr. Chips’ to be screened on Dec 3

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Lok Virsa organizes film screening

ISLAMABAD, Nov 29 (APP): National Institute of Folk and Traditional Heritage (Lok Virsa) Mandwa Film Club would organize screening of American musical film “Goodbye Mr. Chips” on December 3.

Film Goodbye Mr. Chips is a 1969 American musical film directed by Herbert Ross.

The screenplay by Terence Rattigan is based on James Hilton’s 1934 novel Goodbye Mr. Chips, which was first adapted for the screen in 1939.

Lok Virsa to pay tribute to famous poet Jhon Elia

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ISLAMABAD, Nov 29 (APP): National Institute of Folk and Traditional Heritage (Lok Virsa) would pay tribute to famous poet John Elia on December 4.

The death anniversary of John Elia, one of the finest poets of this country, just observed this month.

Executive Director Lok Virsa Dr. Fouzia Saeed said Lok Virsa is planning a modest tribute to his poetry, his bravery to write his truth and openly express the his perspective.

“We are glad that his daughter Sohaina Elia is coming to the program.,” she said, adding that in addition Asghar Nadeem Syed would also attend the event.

John Elia was fluent in Urdu Arabic, Persian, English, Sanskrit and Hebrew. He was the brother of Rais Amrohvi, a scholar and a poet.

The event will also be streamed live on Lok Virsa’s official Website:www.lokvirsa.org.pk/live-telecast.

Waseem determined to continue winning streak

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Profile Picture

ISLAMABAD, Nov 29 (APP): Elated at successfully defending his World Boxing Council (WBC) Silver Flyweight title boxer Muhammad Waseem has expressed the resolve to continue the winning streak in future.

“I’m eying more wins in the future. If I’m given proper support I can bring more laurels for the country,” he told APP on Wednesday.

The 29-year old, who returned home on late Tuesday after defeating Philippine’s Giemel Magramo in Sunday’s fight at Seoul, South Korea said that he was proud at the achievement.

“It gives me a lot of pleasure and satisfaction that I raised country’s name in the boxing arena,” he said.

Wasim outplayed his much-seasoned opponent in a thrilling 12-round fight with a 3-0 unanimous decision. Magramo conceded first defeat after 17 consecutive wins.

“My opponent was an experienced fighter. It was not an easy bout but thank God I managed to defeat him.

“I’m receiving a lot of appreciation from my fans. They supported me at every occasion and the only way to repay them was to win,” Waseem, who is also known as Falcon Khan added.

The Quetta-born boxer, who turned pro in October last year, thanked the owner of franchise Peshawar Zalmi of Pakistan Super League (PSL) Javed Afridi for announcing to support him and sponsor his upcoming bouts.

“I’m really grateful to him. I needed someone from my country to back my endeavours. And the way he came forward to support me is highly commendable,” he said.

PCB replaces over aged Azam with Hadayatullah in Asia Cup

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LAHORE, Nov 29 (APP): Pakistan Cricket Board (PCB) said on Tuesday that the name of Muhammad Khan was inadvertently included in the Pakistan U19 team for the upcoming ACC Youth U19 Asia Cup 2016 tournament, which will take place in Sri Lanka the next month.

“Azam name was included in the final announced list of U19 players. It has been brought to the notice of the PCB that as per the age cut-off date for the ACC Youth Asia Cup, he is not eligible and his name was included inadvertently in the squad,” said a PCB spokesman.

He said the Junior Selection Committee has, therefore, included Hadayatullah from the reserve players list in the final U19 squad in place of Azam and Khayyam Khan has been added to the reserve pool of players for this event.

FBR to streamline refunds process to facilitate business community

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FBR

ISLAMABAD, Nov 29 (APP): Chief Commissioner, Regional Tax Office, Islamabad, Sajjad Haider Khan said on Tuesday that Federal Board of Revenues (FBR) would resolve genuine tax issue of business community to facilitate them in tax payment matters.

He said, all eligible taxpayers should pay tax honestly as it was a national obligation.

The FBR preferred to receive taxes with friendly approach instead of adopting coercive measures, a press statement issued here by Islamabad Chamber of Commerce and Industry (ICCI) said.

He said, the department was making efforts for broadening tax base instead of burdening existing taxpayers with additional taxes and business community should cooperate with it in such efforts.

He said, soon a Tax Advisory Committee would be formed to settle tax issues of taxpayers in amicable manner.

He said, there were many wedding halls in Islamabad but only 15 were paying tax and urged that ICCI should cooperate with tax department in its efforts to curb tax evasion by genuine taxpayers.

He said, the process of tax refunds was being streamlined, adding, RTO Islamabad wanted to address tax issues of business community with consultation which produced better results.

He said, he believed in open door policy and if any taxpayer has any genuine problem, he should visit his office without any hesitation.

Speaking at the occasion, Khalid Iqbal Malik, President, ICCI said that millions of rupees of taxpayers were stuck up in refunds due to which they were facing liquidity problems and urged that FBR should ensure timely tax refunds.

He said, FBR had extended last date for filing of income tax returns up to November 30 which was encouraging.

However, he stressed that last date should be further extended up to December 31, 2016 to facilitate maximum taxpayers in discharging their tax obligations.

He said, the Chief Commissioner RTO should play role in reducing gap between taxpayers and tax department.

He claimed that web portal of the FBR also complicated and very difficult to understand for a common taxpayers.

He emphasized that FBR should take measures to remove all problems and simplify it that would help in improving tax revenue.

He said putting more tax burden on existing taxpayers was not a wise approach and FBR should focus on broadening the tax base.

He said if RTO, Islamabad has tax related complaint against any taxpayer in the region, the ICCI should be taken on board in such matters so that issues could be settled in an amicable manner.

Khalid Malik Senior Vice President, Tahir Ayub Vice President ICCI, Khalid Javed, Tariq Sadiq, Zafar Bakhtawari, Naeem Siddiqui, Khalid Chaudhry and others also highlighted various tax issues for the attention of Chief Commissioner RTO, Islamabad.

World’s largest 1000 MW solar park to promote renewable energy: Zahid

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ISLAMABAD, Nov 29 (APP): Minister for Climate Change, Zahid Hamid on Tuesday said Pakistan was setting up world’s largest 1000 MW solar park as part of its plans to promote renewable energy.

Pakistan has also enacted National Energy Efficiency and Conservation Act, 2016 to promote effective conservation and efficient use of energy, he said this while addressing a press conference.

The minister led a Pakistani delegation to participate in COP22 Conference held in Morroco which provided an opportunity to signify achievements made in addressing climate change despite being adversely impacted.

He said world community was informed that Pakistan’s contribution to global warming is minimal, adding that “We emit less than 1 % of total annual global greenhouse gas emissions. Yet we are ranked amongst the top ten countries most vulnerable to climate change.”

The world community was also informed that Pakistan today faces several major risks relating to climate change including glacial melt, variable monsoons, recurrent floods, rise in sea level, higher average temperatures and higher frequency of droughts.

He said millions of people are affected and colossal damage is caused on recurring basis.

“These threats pose major survival concerns for Pakistan, particularly in relation to country’s water security, food security and energy security.

They also have enormous adverse consequences for all socio-economic sectors, impeding our ability to promote sustainable growth and development and economic prosperity of our people,” highlighted by the minister.

He said, “We also informed the world that Pakistan, being a responsible member of global community, has taken substantial steps especially during 2016 despite these challenges.

It will also enable us to contribute to global mitigation efforts against climate change and keep the temperature rise below 2-degrees Celsius, he said and added these included ratification of Paris Agreement and approval of Pakistan Climate Change Act-2016 by cabinet for presentation in Parliament.

He said launch of Prime Minister’s Green Pakistan Programme to be implemented all over the country to tune of Rs 2 billion.

The other initiative was historic Pakistan Climate Change Bill which will establish a high-level, policy-making Pakistan Climate Change Council, along with Pakistan Climate Change Authority, to prepare and supervise implementation of adaptation and mitigation projects in various sectors.

Finalization and submission of Pakistan INDCs to UNFCCC Secretariat will serve as our climate change agenda, taking into account the latest situation relating to our development needs and strategies.

It includes updated projections of greenhouse gases emissions and our national ambition to reduce these emissions, along with associated financial and technical implications, he said.

The minister said Pakistan has developed a National Sustainable Development Strategy and became perhaps the first country in the world whose National Assembly passed a unanimous Resolution adopting the SDGs Agenda as its own national development agenda.

Pakistan Parliament is also the first Parliament in the world to become completely ‘’green” by converting 100% to solar energy.
Zahid Hamid also briefed about his engagements during COP-22 and highlighted side events attended by him during the Conference.
Answering a question, he said, “We included in delegation those NGOs which were registered with UNFCCC.
“We need to work on energy efficiency and conservation as well, he said while replying to a question about cutting of trees in Islamabad that Mayor of Islamabad has signed Green Charter to protect and conserve trees in Islamabad.