Islamabad, Sep 20: The US Trade Representative Katherine Tae and Pakistan’s Commerce Minister Jam Kamal met on Thursday to discuss improving bilateral trade relations between the two formerly close friends. They decided to hold the crucial Trade and Investment Framework Agreement (TIFA) negotiations “soon.” Through TIFA, Pakistan and the US can enhance market access, encourage bilateral investment and trade, settle disputes, and work on trade-related issues between the two nations. In February 2023, during the 9th meeting of the Pakistan-United States Trade and Investment Framework Agreement (TIFA) Council, Pakistan and the US engaged in high-level trade negotiations. It was seven…
Author: Iqra Khan
Islamabad, Sep 20: Professor Ahsan Iqbal, Minister of Planning, Development, and Special Initiatives, emphasized on Friday the urgent need for more Ummah unity in order to successfully handle the issues at hand, particularly the murders of innocent Muslims in Palestine, Gaza, and other areas. “Unity within the Ummah is imperative, given that the two billion Muslims worldwide appear powerless against a nation of ten million that is murdering innocent civilians in Gaza, Palestine, and Lebanon,” the speaker declared.The minister was speaking at the National Skills University during the first day of the three-day International Seerat Conference. He called for a…
Islamabad, Sep 20: The Chinese textile company RUYI Shangdong and the Board of Investment inked a Memorandum of Understanding on Friday. According to the agreement, RUYI Shangdong would build international-standard textile parks in Pakistan, increasing the nation’s exports to $5 billion and generating about 0.5 million employment. Following the prime minister’s recent visit to China, a delegation of nine members of the RUYI group, led by Chairman QiuYafu, met with Prime Minister Shehbaz Sharif and signed this deal. This is a significant development for Chinese investment in Pakistan. The Chinese corporation would create textile parks in the provinces of Sindh…
Islamabad, Sep 20: The SAFF U17 Championship 2024 final between Pakistan and Nepal will take place tomorrow at Changlimithang Stadium in Bhutan. With four points from their victories over Nepal and a draw against the Maldives, the Green Shirts led the group standings at the end of the group phase. The Boys in Green finally won an international match when they defeated Nepal 1-0, snapping a 12-year losing streak.Shah Jahan scored a goal to tie the score at one and advance Pakistan to the semi-finals, but the second game finished in a stalemate. The national team then put on an…
Islamabad, Sep 20: Romina Khurshid Alam, the prime minister’s coordinator for climate change and environmental coordination, informed the Senate Standing Committee on Climate Change on Thursday that this year’s damage was lessened since early warnings were issued in areas that are prone to flooding. As she followed up on the suggestions from the prior meeting, she said these things.Reiterating the need of avoiding settlements in flood-prone areas was the PM’s aide. Here at Parliament House, the Senate Standing Committee on Climate Change and Environmental Coordination met under the direction of Senator Qurat ul Ain Marri.Senator Qurat ul Ain Marri criticized…
Islamabad, Sep 20: Pakistan has been elected to the Board of Governors (BOG) of the International Atomic Energy Agency (IAEA) for a two-year term beginning in 2024–2026. At the 68th Session of the IAEA General Conference in Vienna, Pakistan was chosen by consensus to serve as the organization’s representative for the Middle East and South Asia region for the term that starts this month. According to a press release from the Foreign Office on Friday, this is Pakistan’s 21st term on the IAEA Board of Governors. “The FO spokesperson stated that Pakistan’s election is an acknowledgement of its long-standing dedication…
Islamabad, Sep 20: Plots in the eagerly awaited Sector A6 were allocated on September 17th, thanks to a successful Mini Location Ballot organized by the Defence Housing Authority (DHA) Quetta. The official Facebook page of the authority was used to make this news. In order to increase the value of their investments, Sector A5 stakeholders were also upgraded to the coveted Early Bird Sectors during the event. The management of DHA Quetta emphasized the continued fast development in the Early Bird Sectors at the ceremony, demonstrating the authority’s dedication to prompt and effective advancement. This action, which had the stated…
Islamabad, Sep 20: Chief Secretary Sindh Syed Asif Haider Shah stated on September 20 that the Hyderabad Division is presently moving on with 232 highway projects in addition to many other initiatives. He emphasized that the division has 25,610 active schemes in total, of which 15,722 are for road development. Chief Secretary Shah underlined the importance of making effective use of the PKR 950 billion development budget during a meeting held at Shahbaz Hall. He called for increased interdepartmental cooperation and communication to better budget management, voicing worry over project completion delays and insufficient cash allocations. The Secretaries of Finance,…
Islamabad, Sep 20: Wafi Energy’s acquisition of shares in Shell Pakistan Limited has been conditionally successful following the public offer’s acceptance period. The Acquirer’s public offer came with an acceptance period that expired on September 19, 2024. The quantity of shares tendered during the acceptance period was over the required level of acceptance for a conditional offer (16,913,525) but below the public offer threshold of 24,162,179, Arif Habib Limited reported to PSX on Friday. According to the filing, all stockholders who have tendered their shares will be considered successful once the necessary paperwork is completed. This news relates to the…
Islamabad, Sep 20: A plan to help the Federal Board of Revenue (FBR) collect up to Rs. 4 trillion in tax revenue during the fiscal year 2024–25 was posted on LinkedIn by the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday. Globally, tax rates pose a major problem to business owners; Pakistan too has comparable challenges in terms of investment and tax income. Investors are discouraged by the economy’s informality, the way taxes are administered, and the high tax rates. The country’s withholding tax regime, which has over 200 classifications, is excessively complex, according to OICCI analysis. This…
