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Structural reforms vital for sustainable progress, says Dr Khaqan Najeeb

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Khaqan Najeeb
ISLAMABAD, Jun 7 (APP): Senior economist and public policy expert Dr Khaqan Najeeb on Friday emphasised an urgent need for comprehensive economic reforms to secure long-lasting benefits for Pakistan’s economy.
Speaking to a private news channel, Dr Najeeb said that focusing on structural economic reforms was essential for navigating the current crisis and achieving sustainable progress. He pointed out that while International Monetary Fund (IMF) engagement provides short-term stability and it does not address the fundamental issues of the economy.
He called for comprehensive economic and administrative reforms, including pension reforms and a critical review of subsidies in various sectors. He stressed the importance of widening the tax net and reducing wasteful government expenditures on inefficient state-owned enterprises.
He said that to improve revenue performance by reducing subsidies and expanding the tax base to include adequate taxation of land, assets and environmentally damaging activities was needed. “Incorporating property owners, large traders, and landowners into the tax net has become imperative,” he added.
Dr Najeeb praised the efforts of the Special Investment Facilitation Council (SIFC) but stressed that these efforts need to be accelerated. He urged the government to identify and promote promising projects to attract more foreign investment.

PPP asks KP CM to tender apology for derogatory remarks

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PPP

PESHAWAR, Jun 07 (APP): The Pakistan People’s Party (PPP) Peshawar city chapter has asked KP Chief Minister Ali Amin Khan Gandapur to tender apology for his derogatory remarks against PPP leadership and Governor KP Faisal Karim Kundi.

Addressing a press conference at press club here Friday, President PPP Peshawar City, Zulfikar Afghani warned the chief minister of derogatory language against their Party leadership. Otherwise, he said that they take streets against them including holding a demo in front of the Chief Minister’s House. Other PPP leaders present on the occasion were included Khawaja Yawar Naseer, Mohammad Adnan Jalil, Abidullah Khan Yousafzai, Malik Zulfikar Awan, Tahir Abbas, Munir Camrade, Riaz Khan and Junaid Khan.

The PPP stalwart criticized the PTI led provincial government for its poor governance for last 12 years, which has pushed the province to backwardness and lawlessness. He said that the PPP leadership had rendered unprecedented sacrifices for the restoration and strengthening of democracy, supremacy of law and constitution.

Rejecting the tirade of the Chief Minister Ali Amin Gandapur against PPP chairman, Bilawal Bhutto Zardari and KP Governor Faisal Karim Kundi, he said that soon after Eidul Azha, the former will visit the provincial metropolis and also address gatherings of the party workers.

Similarly, he said that KP Governor Faisal Karim Kundi is a devoted and popular political leader and has achieved several successes in the politics of hia native district D.I. Khan and has defeated his political rivals.

Encounter: accused wounded by firing of own accomplice

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Rajanpur Police
RAJANPUR, Jun 07 (APP): Police claimed the arrested accused was injured by firing of own accomplice during encounter.
The arrested alleged criminal named Asgar, son of Rasool Bukhsh, was booked with local police station in three cases of robbery and theft.
He was being taken away to hold recovery of stolen goods when five accomplices identified as Mitthu, Machi, Mamdan, Talat and Parvez opened fire on police team to release their fellow being under custody.
Police declared the injured accused was history sheeter and wanted in multiple cases.
Police retaliated with similar firing to get protection from the attackers. Two motorbikes were recovered from the crime Scene, it was said.
The wounded accused was shifted to hospital for treatment.

Nine drug peddlers, bootleggers netted with 4 kg charras, 40 liters liquor

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Arrest
RAWALPINDI, Jun 07 (APP):Rawalpindi police in an action against suspected drug peddlers, bootleggers and other lawbreakers here on Friday arrested nine accused besides recovering over four kg charras, 40 litres liquor and other items from their possession.
According to a police spokesman, Jatli police held Akram for having 1480 grams charras and Ali Raza with 10 litres liquor. Taxila police rounded up Jabir for possessing 1300 grams charras while Rawat police netted Israr with 706 grams charras.
New Town police arrested Muhammad Ali for having 600 grams charras and Bani police held Amjad on recovery of 550 grams charras.
New Town police also arrested Usman with 10 litres liquor, Rafaqat for having 10 liters liquor and another accused for possessing 10 litres liquor.
Separate cases have been registered against all accused while further investigations are underway.
City Police Officer, Rawalpindi had directed the police officers to accelerate ongoing operations against drug peddlers, bootleggers and other lawbreakers, he added.

Easypaisa enables in-app QR payments for sale, purchase of sacrificial animals on Eid-ul-Azha

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Easypaisa

ISLAMABAD, Jun 07 (APP): Easypaisa, is bringing ease and convenience to its users on the Eid-ul-Azha for the sale and purchase of sacrificial animals through its very own in-app Raast-based QR code payment mechanism.

The initiative is part of the State Bank of Pakistan’s (SBP) QR code payment system under the Raast instant payment service, aimed at facilitating the public and traders alike during the sale and purchase of sacrificial animals said a news release.

Eid-ul-Azha generates a wealth of economic activity in the country each year, with around Rs. 376 billion worth of animals sacrificed last year.

Given the magnitude of transactions taking place during the Eid ul Azha time frame, easypaisa will enable customers to transact securely and conveniently through its in-app QR feature and support SBP in its mission to drive Pakistan’s digital financial space forward.

Through this feature, all easypaisa users, along with all digital banking app and wallet users can send and receive money seamlessly at selected cattle markets across the country.

To send money, users simply need to tap the scan code option on the home screen, scan the receiver’s QR code, and enter the amount to proceed with the transaction. Similarly, to receive payments, users can tap the scan code option on their easypaisa app home screen and tap on receive money through either a static or a dynamic QR code.

Commenting on this development, Shahmeer Nadeem, Head of Product Management, TMB/easypaisa, remarked, “We remain committed to SBP’s mission of making Pakistan a financially inclusive society through our unique and customer-centric product offerings. The instant QR payment mechanism is the need of the hour and helps digitize the otherwise cash-intensive cattle market transactions, and ensures that our users can enjoy a hassle-free transaction experience during the Eid-ul-Azha festivities.”

The State Bank of Pakistan has taken a proactive and diligent approach to spearheading the digitization of Pakistan’s financial landscape. Aligned with the regulator’s vision, easypaisa has consistently demonstrated its position as a frontrunner, leading the charge to transform the nation’s financial services sector.

With over 40 million registered mobile accounts and counting, easypaisa remains dedicated to its mission of transforming Pakistan into a financially inclusive society through the power of collaboration and technology.

NRKNA introduces comprehensive program to foster values-based education

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NRKNA

ISLAMABAD, Jun 7 (APP): In a landmark achievement, the National Rahmatul lil Aalameen Wa Khatamun Nabiyyin Authority (NRKNA) on Friday has unveiled Pakistan’s first-ever Character Education Curriculum, a revolutionary initiative designed to inspire students from Early Childhood Education (ECE) to Grade 12.

This collaborative effort with public and private organizations aims to cultivate a responsible and inclusive society, drawing inspiration from the teachings and legacy of Rasulullah (PBUH).

The launch event was attended by officials, including Federal Secretary for Education Mr Muhyuddin Wani, NRKNA Chairman Khurshid Ahmad Nadeem, DG Authority Zafar Malik and other prominent figures.

This comprehensive curriculum marks a significant step towards nurturing the minds and hearts of Pakistan’s future generations, empowering them to become compassionate leaders and responsible citizens. Let us celebrate this momentous achievement and look forward to a brighter future for the nation.

National Dialogue on World Food Safety Day held

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World Food Safety Day
ISLAMABAD, Jun 7 (APP):The National Alliance for Safe Food (NAFS) on Friday hosted a National Dialogue on Food Safety to enhance awareness and understanding of food safety issues among producers, consumers, industry and other stakeholders.
The day’s dialogue themed: “Food safety: prepare for the unexpected” was organized with the collaboration with the Food and Agriculture Organization of the United Nations (FAO-UN) Islamabad, Riphah Institute of Public Policy and the Islamabad Food Authority (IFA) and Shafaq Cooking Oil (A&Z Agro Industries). This year’s theme underscored the importance of being prepared for food safety incidents, no matter how mild or severe they may be.
The event aimed to commemorate World Food Safety Day, for enhancing awareness and understanding of food safety issues among producers, consumers, and industry stakeholders.
World Food Safety Day, proclaimed by the United Nations General Assembly in 2018, is celebrated annually on June 7.
The speakers highlighted that foodborne illnesses affecting 600 million people and causing 420,000 preventable deaths each year, the dialogue aimed to address these critical issues and promote food safety as a means to save lives and bolster food security and trade.
This dialogue brought together leading regulatory bodies, ministers and secretaries, trade associations, policy makers and advisors, consul generals, INGOs, political leadership, academicians, scientists, researchers, and business stakeholder to exchange for sharing their experiences and best practices to compete in the global market.
The recommendations were included concrete suggestions, and experiences shared by the learned delegates and participants which would be documented and disseminated to policy makers, legislators, academia, industry, and relevant national and international organizations for execution and implementation, ultimately contributing to the growth and development of the national economy.

Historical traditional Jashan-e-Kaag festival begins in Kaag village Haripur

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PESHAWAR, Jun 07 (APP):The most fascinating and thrilling packed historical traditional culture Jashan-e-Kaag Festival at village Kaag Jatti, District Haripur got under way here Friday with national and international Tent-pegging players enthusiastically participating.
Adviser to Chief Minister Khyber Pakhtunkhwa on Sports and Youth Affairs Syed Fakhar Jahan inaugurated the festival with hundreds and thousands of spectators turned up and enjoyed the thrilling event.
Tent pegging is a cavalry sport of ancient origin, and is one of only ten equestrian disciplines officially recognized by the International Equestrian Federation. Used narrowly, the term refers to a specific mounted game with ground targets.
Cavaliers have played the specific game of tent pegging since at least the 4th century BC. Eurasian empires spread the game around the world. As a result, the game’s date and location of origin are ambiguous.
Pakistan is a key unit of the Game and is being produced. Kaag Jatti is a place organizing such a wonderful Tent-pegging event under the aegis Regional Sports Officer Hazara with horse riders from all across the country participating. District Sports Officers Tauseef and Aqib and the whole staff engaged the players for this week-long activities.
Speaking on this occasion, Syed Fakhre Jahan appreciated the RSO Haripur and District Sports Officers Abbottabad, Haripur for their hard work. He also announced construction of the ground for the said festival.
Member Provincial Assembly Adil Khan, DG Sports Abdul Nasir, Deputy Commissioner Haripur Muhammad Khan, and Director Sports Merged Areas Raziullah Khan Betni, other officials and people participated in the festival.
In the Kaag festival, traditional sports including javelin, horse riding, stone picking, gymnastic, poetic gathering, wrestling and Bulls Race are part of the overall festival. Cultural Festivity is the main means of keeping our traditions alive, said Advisor Fakhar Jahan. He also announced construction of a volleyball court in Haripur in the same village wherein the youngsters used to play.
These festivals, he said, are very important to keep our identity alive in the world. Each part of the province is a combination of a strong culture with respect to its unique characteristics, Syed Fakhre Jahan said. “We will try to preserve our culture for future generations,” he added.
Syed Fakhre Jahan also observed horse riding and javelin competitions in the fair and welcomed the organization of this event to highlight the local culture. He also announced Rs. 50,000 for first position, Rs. 30,000 and Rs. 20,000 for the second and third place players, while in the double team event, Rs. 100,000 for the first place team, 60,000 for the second place team and 30,000 for the third place team.
He said that such festivals will be organized in the future and such activities will be strongly encouraged.
In his welcome address, RSO Hazara Ahmad Zaman thanked the people and players taking part in different events of the traditional festival.
He said like every year, Kaag Festival in Jatti village is the annual feature wherein national and international Tent-Pegging players are taking part. He thanked the Adviser to the Chief Minister on Sports and Youth Affairs Syed Fakhre Jahan for announcing construction of a separate land for the Kaag Festival and volleyball court in the same Kaag Jatti village.
Ahmad Zaman also appreciated Deputy Commissioner Haripur Muhammad Khan, Assistant Commissioner Hamza and thanked all the district sports officers of various districts of Hazara Region for their joint efforts in the success of the annual Kaag Festival.
Earlier, soon after arrival to the festival, Malik Ijaz Khan presented traditional turbans to the guests, followed by recitation from Holy Quran by hafiz Aqib Khan, and National Anthem. There was a release of pigeons, balloons, followed by fireworks when announcing the start of the Kaag Festival-2024 by the chief guest.

NBP President interested to open first branch in mainland China

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NBP President

BEIJING, June 7 (APP): In a strategic move to expand global footprint and enhance digital banking capabilities, President of the National Bank of Pakistan (NBP), Rehmat Ali Hasnie showed interest in opening the bank’s first branch in mainland China.

Under the leadership of Prime Minister Shehbaz Sharif, this initiative is part of a broader effort to capitalize on the opportunities presented by the Belt and Road Initiative (BRI), aiming to strengthen cross-border financial collaboration and advance digital connectivity between the two nations, he told China Economic Net (CEN).

The NBP president, who attended Pakistan-China Business Forum in Shenzhen said the new branch is expected to facilitate increased trade and investment flows while leveraging cutting-edge digital banking technologies to provide seamless financial services.

After the visit of the Prime Minister to China, Hasnie hopes trade volume between China and Pakistan will increase and banks will need to innovate and provide robust trade financing mechanisms to support it.

He said that earlier this month NBP signed a Memorandum of Understanding (MoU) with China-Pakistan International Silk Road Industry Investment Management Co., Ltd. to facilitate investment in key projects for the promotion of industrial cooperation between China and Pakistan and support the establishment of special economic zones and other sectors.

As BRI’s emphasis on connectivity and modernization extends to financial technology, Rehmat noted that “the adoption of advanced digital banking platforms and fintech solutions will be critical to efficiently manage the financial transactions and services associated with BRI projects”, and added that to fully leverage the benefits of BRI, Pakistan’s banking sector must address issues such as regulatory reforms, risk management, and the enhancement of cybersecurity measures.

The president emphasized that NBP is committed to playing a pivotal role in the country’s successful implementation of CPEC.

“We are actively working to align our strategies with the objectives of BRI, ensuring that we not only support national economic growth but also strengthen our position in the regional and global banking landscape,” he affirmed.

APP/asg

DC Astore chairs Peace Committee meeting

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ASTORE, Jun 07 (APP): Deputy Commissioner, Muhammad Tariq on Friday chaired an important meeting of Peace Committee in Astore.
According DC Office, Muhamad Tariq praised the Committee for its positive and key role in maintaining peace and order in the district.
While addressing the meeting, he said that the Committee had always played a vital role in resolving issues and promoting harmony in the region. He expressed gratitude to the members of the Peace Committee for their efforts.
The Deputy Commissioner also highlighted that Astor was a peaceful district and its people were peace-loving and connected with each other through strong social bonds.
He emphasized that the people of Astor were understanding each other’s problems and live in harmony, which was a testament to the district’s peaceful nature.
The meeting was attended by SSP Astor Abdul Samad, Assistant Commissioner Astor Ehsan-ul-Haq, Assistant Commissioner Shonter Muhammad Hussain Bhatt and other members of the Peace Committee.