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Steering Committee meets to finalize Budget 2024-25 for GB

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Rana Sana Ullah
ISLAMABAD, Jun 10 (APP):The Steering Committee for Gilgit-Baltistan held its inaugural meeting to reach consensus on the budget for the fiscal year 2024-25.
The meeting was chaired by Adviser to the Prime Minister on Political and Public Affairs Rana Sanaullah, with Federal Minister Amir Muqam in attendance, said a press release.
Chief Minister GB Gulbar Khan, Minister for Planning, Minister for Finance, and Hafeez ur Rahman joined the meeting virtually.
The committee reviewed various proposals and discussed the Public Sector Development Program for Gilgit-Baltistan, allocating increased funds for the fiscal year 2024-25.
Sanaullah announced that the federal government has prioritized development programs in Gilgit-Baltistan, in line with the Prime Minister’s special instructions.
The government has allocated funds for key sectors, including health, education, communication, energy, and others, to ensure the region’s progress.

IHC issues written order in missing poet recovery case

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IHC
ISLAMABAD, Jun 10 (APP):The Islamabad High Court (IHC) on Monday declared poet Farhad Ali Shah as a ‘missing person’ till he reached back to his home.
Justice Mohsin Akhtar Kayani issued a four page written order regarding disposal of a petition seeking recovery of the missing poet.
The order said that Syed Farhad Ali Shah who was missing since May 15, 2024 couldn’t reach home so far and a first information report (FIR) was registered with the Lohebher Police Station Islamabad under section 427 and 365 PPC regarding his missing.
It said that the court was told that Farhad Ali was arrested by Police Station Derkot Kashmir and he was also required to Saddar Police Station Muzafarabad in another case of terrorism.
It said that in above circumstances the person couldn’t be produced before the bench and the court has reached to a conclusion that he was forcibly disappeared and the concerned institution failed to recover him.
The court said that as per the investigation officer Farhad Ali was currently in judicial custody. However, keeping in view all the circumstances, the court declared the arrest of Farhad Ali as illegal.
It said that investigation officer of Lohebher Police Station was bound to record the statement of Syed Farhad Ali Shah under section-164 before a judicial magistrate after his return and proceed the investigation in light of the statement.
The court ordered the registrar office to club all the cases of missing persons, present it to the chief justice for formation of a larger bench to address this matter of public interest.
It also instructed the registrar office to invite the representatives from sensitive institution and law enforcement agencies in next meeting of Criminal Justice Committee so that their recommendations could be discussed and issued could be resolved in a legal way for the protection of citizens’ rights.
The court said that the cases pertaining to the national security can be heard in-camera and if it was necessary then larger bench can be formed after taking the briefing from the heads of investigation institutions. The orders can also be issued for non-reporting of these cases on media.

Woman, daughter killed in road accident

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KILLED
HYDERABAD, Jun 10 (APP):A woman and her daughter were killed while her son sustained critical injuries in an accident between a motorbike and a truck near District and Sessions Court in Kotri, Jamshoro district, on Monday.
According to the police, Zareena Khoso (40), Ajeebad Khoso (20) and Qurban Khoso (25) were riding on the motorbike which was hit by the truck.
The dead bodies and injured were shifted to taluka hospital in Kotri. The family lived in a village near Jamshoro Power House.
The police impounded the truck and arrested the driver.

Prime Minister Muhammad Shehbaz Sharif in a group photo with the Chief Ministers of all four provinces prior to the meeting of National Economic Council

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Prime Minister Muhammad Shehbaz Sharif in a group photo with the Chief Ministers of all four provinces prior to the meeting of National Economic Council
APP63-100624 ISLAMABAD: June 10 - Prime Minister Muhammad Shehbaz Sharif in a group photo with the Chief Ministers of all four provinces prior to the meeting of National Economic Council. APP/ABB
Prime Minister Muhammad Shehbaz Sharif in a group photo with the Chief Ministers of all four provinces prior to the meeting of National Economic Council
APP63-100624
ISLAMABAD

Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council

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Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council
APP62-100624 ISLAMABAD: June 10 - Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council. APP/ABB
Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council
APP62-100624
ISLAMABAD

Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council

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Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council
APP61-100624 ISLAMABAD: June 10 - Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council. APP/ABB
Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council
APP61-100624
ISLAMABAD

Meeting reviews proposals to regularise commercial use of agricultural land

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Zeeshan Rafique
LAHORE, Jun 10 (APP):Punjab Local Government Minister Zeeshan Rafique on Monday chaired the meeting of special committee on commercial use of agriculture land, formed by Chief Minister Punjab Maryam Nawaz Sharif, in which proposals to regularise the commercial use of agricultural land were considered in length.
Co-Convenor, Agriculture Minister Syed Ashiq Hussain Kirmani, Secretary Local Government Shakeel Ahmed Mian, Secretary Law Asif Bilal Lodhi, Special Secretary Local Government Asia Gul and representatives of real estate business association participated.
During the meeting, representatives of real estate association put their views before the committee.
Addressing the meeting, Local Government Minister Zeeshan Rafique said that Punjab Chief Minister Maryam Nawaz Sharif wanted a solid and long-lasting policy to be made in consultation with all stakeholders for economic use of agriculture land. He pointed-out that commercialisation of agricultural land without planning was also a threat to the environment.
Zeeshan Rafique said that it was necessary to regularise residential projects without approval. “A new law will be made to monitor the master plan of commercial projects. Under the proposed law, all matters will be monitored from a single platform,” he said. The real estate representatives agreed to the committee’s agenda and assured their cooperation, however they requested that there should be further consultation before taking a final decision, the minister added.
Zeeshan Rafique said that the employment of many people was directly or indirectly attached to the real estate business. “So it is equally important to safeguard investors’ capital”, he added. He further said that non-regularisation of illegal schemes harmed public interest and invited uncertainty. “Actions in this regard will be ensured and suggestions from the real estate sector will also be taken into consideration”, he pledged.
Agriculture Minister Syed Ashiq Hussain Kirmani said that multiple government agencies’ involvement created complications for both buyers and sellers. He said that the aim of the Punjab government was to ensure the protection of the interests of the people under single authority.
Kirmani said that the practice of building high-rise buildings on a small area should be promoted so that the need of a large population could be met in a minimum use of land. He also said that it was important to take early steps for food security. “That is why the chief minister formed this committee”, he added.
Meanwhile, the minister visited Islampura area of ??Lahore. He inspected ongoing development schemes at Union Council 73, Dataganj Bakhsh Town. Deputy Commissioner Lahore Rafia Haider, Chief Officer Metropolitan Corporation Lahore Ali Abbas Bukhari, Assistant Commissioner City Rai Babar and MO Infrastructure Mian Saqib were also present. Administrator MCL/Deputy Commissioner Lahore gave a briefing to the provincial minister.
The Local Government Minister directed the DC Lahore to complete the sewerage work before the rainy season. He stressed that the instructions of the chief minister to pay special attention to the backward areas should be taken into account while making the schemes. Zeeshan Rafique said that after the completion of the revamping plan, broken streets and drains would not be seen in Lahore and directed that there should be no compromise on the quality and speed of the development work. The minister directed Chief Officer Ali Abbas Bukhari to monitor all the work himself.

Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council

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Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council
APP60-100624 ISLAMABAD: June 10 - Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council. APP/ABB
Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council
APP60-100624
ISLAMABAD

Govt. to establish eight more workshops for repairing transformers: Awais

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ISLAMABAD, Jun 10 (APP): Federal Minister for Energy Sardar Awais Ahmad Khan Leghari on Monday informed the National Assembly that the government would establish eight additional workshops for repairing transformers.

Responding to a calling attention notice regarding the lack of transformer repair workshop facilities at the district level by the DISCOs, he said that all DISCOs currently operate thousands of workshops for transformer repairs.

The minister assured that the government would not withdraw its regulations related to net metering for existing solar systems and would honor the terms and conditions agreed upon with net meter owners.

He also clarified that there would be no change in the electricity price for future net meter installations and ruled out any plans to impose taxes on solar net metering.

He said that the government encourages net metering and is committed to enhancing power company services through better governance and legislative measures to address overbilling.

He stated that elements involved in overbilling would face jail time if the proposed law is passed by Parliament.

To another query, he said that TV fees and other taxes collected by DISCOS are forwarded to Pakistan Television (PTV) and the Federal Board of Revenue (FBR), with DISCOS functioning as collection agents.

The minister expressed his readiness to brief the house on matters related to Independent Power Producers (IPPs), transmission, generation, and distribution systems.

LCCI lauds SBP’s decision to slash policy rate

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LCCI
LAHORE, Jun 10 (APP):Lahore Chamber of Commerce and Industry (LCCI) has commended the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) for its decision to reduce the key policy rate by 150 basis points (bps), bringing it down to 20.5 percent, effective from June 11, 2024.
In a media statement issued here Monday, LCCI President Kashif Anwar, Senior Vice President Zafar Mehmood Ch, and Vice President Adnan Khalid Butt highlighted this move as a positive step towards economic improvement. They underscored the potential of this reduction to mitigate inflationary pressures, particularly as inflation rates show signs of decline.
The LCCI office bearers stressed the importance of further reducing the interest rate to single digits, and said that it will significantly impact on the cost of doing business. They emphasized that reducing policy rate to single digit would encourage the circulation of funds currently parked in banks and will speed up the economic activity and growth.
Additionally, the LCCI office bearers stressed the importance of looking at the bigger picture. They mentioned that while reducing the interest rate is helpful, it’s also crucial to deal with other economic issues. They talked about the need to lower electricity and gas prices, as well as to stabilize the exchange rate and rupee devaluation. These steps are important to make sure that lowering the interest rate really works well for the economy.
They said that it is important for the much-needed new investment in the industrial sector, adding that a noteworthy cut in the policy rate would help the industrial sector to keep the wheels of industry rolling.
The LCCI office-bearers said a reduction in the policy rate would benefit the industrial sector in many ways – it would reduce production cost and bring required competitiveness to Pakistani products in comparison with the international market. LCCI office bearers urged the government to take a comprehensive approach to ensure long-lasting economic growth.