-PTI government to present NAP - 2 which would have important element of cyber security
The new version of Pakistan’s National Action Plan includes cyber security. The Ministry of Interior recently announced it would introduce NAP-2 and restructure the National Counter Terrorism Authority (NACTA).
-Complete ban on purchase of motor vehicles by government authorities
The government has put a complete ban on purchase of motor vehicles (except motorcycles) by all ministries, divisions and departments during current fiscal year. The decision has been taken under austerity measures by PTI government, according to a notification dated December 03, 2018 issued by Finance Division.
-New gas and condensate reserves discovered in Pakistan
A new Gas and Condensate discovery has been been reported in Sindh, Pakistan. As per media report, Pakistan Petroleum Limited has made a gas and condensate discovery at its exploration well Hadaf X-1 in Sindh’s Sanghar district.
According to the press statement, after drilling to a depth of 3,700m to find hydrocarbon potential, following observations were made:
- 18.6 million cubic feet per day of gas, condensate of 160 barrels per day along with 65 barrels of water per day at Flowing Well Head Pressure of 1,307 psi on 56/64”.
- 12.1 million cubic feet per day of gas, condensate of 157 barrels per day along with 35 barrels of water per day at Flowing Well Head Pressure of 2,290 psi on 32/64"
-Federal government hints at reopening Swiss bank accounts case against Asif Ali Zardari
Special Assistant to Prime Minister on Accountability Shahzad Akbar on Wednesday has hinted about reopening the Swiss bank accounts case against former president Asif Ali Zardari. He said that an agreement has been signed between Pakistan and Switzerland on sharing of bank accounts details.
Addressing a press conference in Islamabad on Wednesday, he said that following the agreement with Switzerland, the government could get bank accounts details.
-Federal cabinet to decide subsidy for captive power plants tomorrow
In an apparent bid to provide a subsidy to “influential” owners of captive power plants, the Petroleum Division, on the advice of the Finance Division, has put Prime Minister Imran Khan and his federal cabinet in a test, it was learnt on Wednesday. The Petroleum Division has sought from the federal cabinet an approval to a subsidy worth approximately Rs18 billion and a change in the priority list for gas supply to various categories of consumers. The Petroleum Division has prepared a summary for the federal cabinet on the advice of the Finance Division. The federal cabinet is likely to take a decision on the summary of petroleum ministry in its meeting to be chaired by PM Imran Khan today (Thursday), said sources.
-Finance Minister Asad Umar gives a deadline for economic revival
Finance Minister Asad Umer has given a two years deadline for economic revival of the country. Responding to a question, the minister said that the government imposed tax on people having income above Rs200,000, adding that the poor people were not burdened.
2 years >>>>> 100 days.
-Temporary shelter homes built in Peshawar
-Azerbaijan to buy JF-17 Blok II combat aircraft from Pakistan
Negotiations between Azerbaijan and Pakistan on the purchase of JF-17 Block II combat aircraft are coming to the end, the representative of the company "Pakistan Aeronautical Complex" (PAC) informed Azeri Defense at the international exhibition İDEAS-2018 in Karachi. It is assumed that 24 such aircraft will be delivered to Azerbaijan, with a total value of $500 million
-Kanupp-II to commence operations in December 2020
Pakistan Atomic Energy Commission Chairman Muhammad Naeem on Monday said the 1,100-megawatt (MW) Karachi Nuclear Power Complex-II (KANUPP-2) will commence operations in December 2020 and KANNUPP-3 in October 2021. While speaking at a seminar organized by the Centre for Peace, Security and Development Studies (CPSD) on Monday, Mr Naeem stated once the 100MW Chashma-5 is completed, Pakistan intends to generate 8,800MW nuclear energy by 2030, reports The News. PAEC chairman told that both the plants had a workable life of sixty-years, which could be elongated to eighty-years. He added, “Nuclear power plants are reliable having high availability and capacity factor, relatively environmentally friendly, and provide sustainability of electricity price having a low share of fuel cost.”
-Germany Is Offering 3 Million Jobs to Pakistanis
German foreign ministry has written a letter to Pakistan asking to develop a plan to provide skilled labor for the country. As per details, a German news agency Katholische Nachrichten-Agentur (KNA) has reported citing Spegiel Online that the German foreign office’s Europe Wing has written a letter to the Pakistani foreign mission requesting it for the provision of skilled labor. The letter specifically mentions the fields for which they expect labor for. The report claims that the European country has demanded 3 million skilled workers from Pakistan, including IT experts and engineers.
Pakistan has decided to export electricity to Tajikistan in winter season through CASA-1000 project as in the power purchase agreement (PPA), a reverse flow of electricity clause was included and to this effect the authorities in Power Division would soon engage their counterparts in Tajikistan, a senior official of Power Division told The News. Under the agreement, the official said, once the CASA-1000 project is completed, Pakistan will import 1,000MW electricity from Tajikistan at 9 cents per unit in summer season for 5 months from May to September, but now authorities in Islamabad have made up their mind to export 1,000MW electricity to Tajikistan through the same project in winter as hydro generation in Tajikistan turns zero.
-Pakistan & Italy Sign MoU for Multi-Sector Trade Cooperation
Pakistan and Italy Tuesday signed a Memorandum of Understanding (MoU) to enhance economic and trade cooperation in different sectors, stated a press release. Federal Secretary for Commerce Mohammad Younus Dhaga, while addressing as chief guest at the MoU signing ceremony between ICE, Italian Trade Agency and Trade Development Authority of Pakistan, informed that both countries agreed to extend the cooperation in infrastructure and construction, energy, logistics, transport, telecoms, water, machinery and equipment for manufacturing marble and stones, textile, clothing, leather, shoes, rubber, metal and chemical products. Both sides also agreed to increase cooperation in agriculture and food equipment, machinery and equipment for health and pharmaceutical sector, automotive, consumer goods, food, furniture, clothing and apparel, he added.
-Over 200 Hindu pilgrims cross Wagah border on 10-day religious tour
Pakistani officials accorded a warm welcome to 209 Hindu pilgrims from India, who crossed the Wagah Border on Wednesday to pay their respect at different temples situated inside Pakistan. Most of the Indian pilgrims, who were visiting the country for the first, expressed their joy for the goodwill gesture extended by the officials of Evacuee Trust Property Board (ETPB) at the Pakistan-India border. The visitors were welcomed with garlands and their favourite food. Overjoyed with the love and respect, they said they did not feel like strangers in Pakistan.
-PM Imran, Bill Gates discuss cooperation in social, IT sectors
Prime Minister Imran Khan and Bill and Malinda Gates Foundation Co-chairman Bill Gates held a telephonic conversation on Wednesday. Bill Gates, one of the world’s leading businessmen, felicitated Imran Khan on being elected as the prime minister of Pakistan and appreciated his efforts towards polio eradication. The Microsoft co-founder assured the prime minister of continued cooperation in various fields, including the strengthening of IT sector. The prime minister thanked Bill Gates for cooperation in the social sector.
-LMKT, Microsoft join hands to launch AppFactory in Pakistan
LMKT, a local technology company, has joined forces with Microsoft to launch the first AppFactory (Apprenticeship Factory) in Pakistan, which will develop the digital skills, coding capabilities and employability of young ICT graduates. Forming part of its new LMKT SPARK programme, the AppFactory will recruit up to 30 apprentices every six months, and place them alongside senior software technicians to work on real-world industry projects. After graduating from the programme, apprentices will be able to fully design and implement modern software solutions and have access to jobs through both LMKT and the Microsoft Partner Network. The AppFactory will recruit up to 30 apprentices every six months, and place them alongside senior software technicians to work on real-world industry projects
-Pakistan negotiating $2 billion commercial loans with China: Report
After the refusal of China to provide balance of payment (BoP) support to Pakistan, the country is said to be negotiating $2 billion worth of commercial loans with Beijing. According to well-informed sources, a technical team of the State Bank of Pakistan and Finance Ministry paid a visit to China recently to talk about various modalities of loans and interest rate, however, an agreement wasn’t inked because of differences and conditions imposed, reports Business Recorder. Islamabad had reached out to Beijing for $3 billion BoP support and after the conclusion of Prime Minister Imran Khan’s visit a technical team including Secretary Finance Arif Khan and State Bank of Pakistan (SBP) Governor Tariq Bajwa held talks with Chinese authorities but the result of the negotiations bore no fruit.
-IMF at initial stage of assessing how much funding Pakistan requires for a bailout: Report
The International Monetary Fund’s resident representative in Pakistan, Teresa Sanchez has said they are at initial stages of assessing how much resources Islamabad would require for a bailout. Pakistan hasn’t only approached for financial assistance but also for policy advice, which constitutes a usual part of its service to member countries, said Ms Sanchez.
-Railways minister vows Rs10bn profit in FY19
Railways Minister Sheikh Rasheed Ahmed on Wednesday said that the department has set a target of receiving Rs10 billion in profit margins for the Financial Year 2018-19. Talking to media at the Rawalpindi Railway Hospital, Rasheed vowed that the task given to him by Prime Minister Imran Khan as focal person for Leh Expressway Project would be completed soon. He announced that a new train would commence its operations from Karachi to Peshawar, covering the distance of 1,760km in eight hours at the speed of 160km per hour. Rasheed linked the benefits of the construction of China Pakistan Economic Corridor with the development of the railways’ department. “CPEC is the backbone of the economy and revolutionary changes would be carried out in the rehabilitation of railways with the support of China,” he added.
-CPEC must be materialised without further delay: Sartaj Aziz
Former finance minister Sartaj Aziz has said that the China-Pakistan Economic Corridor (CPEC) is a win-win arrangement for both Pakistan and China and that all the projects under CPEC must be materialised without any delay, as it would lead to industrialisation in Pakistan. He was speaking at the Opening Plenary of 21st Sustainable Development Conference (SDC) organised by Sustainable Development Policy Institute (SDPI) on Wednesday.
-Govt slashes non-salary budget by 10%
The federal government has decided to cut non-salary current budget of the civilian setup by 10% as part of its austerity drive –a move that will help save nearly Rs10 billion in the remainder period of fiscal year but would not address core fiscal problems. The Pakistan Tehreek-e-Insaf (PTI) government has also decided to continue with a ban imposed on creation of new posts excepts where the posts are required to be created under development projects. The Ministry of Finance has issued an office memorandum to give effect to the austerity measures for fiscal year 2018-19. Effectively, the cut in current non-salary expenditure will be on the budget allocations for the period of December 2018 to June 2019.
-Tracking Devices Are Now Compulsory for All Motorcycles in Sindh
Sindh has decided to make it compulsory for motorcycle owners to install a tracking device in their bikes. For this purpose, the provincial government will be amending the Motor Vehicle Ordinance. After the proposed amendment, it will be mandatory for motorcyclists to install tracking devices in their two-wheelers.
-Pakistan Railways to launch yet another new train
The Pakistan Railways will launch a new passenger train from Peshawar to Karachi on December 23, Sunday. “Around 90% work has been completed, while the work left will be completed before the launch,” a Railways official said. According to Radio Pakistan link, the fare of Rehman Baba Express will be Rs1,350.
-Pakistan’s Trade with South Asia Can Increase Eight-fold: World Bank
Pakistan’s trade with South Asia can go up by eight-fold if the trade barriers with regional countries are removed, said a new report of the World Bank. Pakistan’s trade with South Asia accounts for only 8 percent of its global trade, despite the region being the world’s fastest growing. However, intraregional trade in South Asia is among the lowest at about 5 percent of total trade, compared with 50 percent in East Asia and the Pacific.
Regional trade can create many more jobs and make the country prosperous, the report said. The recently-launched Glass Half Full: The Promise of Regional Trade in South Asia report documents what needs to be done to realize the full trading potential in South Asia. It was launched at the 11th South Asia Economic Summit, hosted by the Sustainable Development Policy Institute in Islamabad.
-PM expresses satisfaction over cordial ties between Pakistan, Japan
Prime Minister Imran Khan on Wednesday acknowledged the importance of Japan as a development and investment partner of Pakistan, and expressed satisfaction over the cordial relations between the two countries.
He also looked forward to a greater level of cooperation between the two countries, particularly in the area of trade, investment, infrastructure and human resource development. The prime minister was talking to National Security Advisor to the Prime Minister of Japan, Kentaro Sonoura, who called on him here. Welcoming Sonoura and members of his delegation, the prime minister appreciated the positive momentum of bilateral relationship between the two countries.
The prime minister encouraged Japanese investment in Pakistan, which had immense economic potential, having young population and unexplored mineral wealth.
JETRO survey on Japanese business in Asia had declared Pakistan as the top country for positive sale profits and future business expansion.
-Over One Million Pakistanis Have Signed Up to Donate Blood Using Facebook
More than one million donors have signed up to donate blood in Pakistan using Facebook’s feature of blood donations since its launch in March this year, according to the official data of Facebook. Facebook launched Blood Donations in Pakistan earlier this year to help make safe blood more accessible in Pakistan to all licensed blood banks and hospitals. With the blood donations tool, people can sign up to be blood donors on Facebook and get notified when people, blood banks, and hospitals near them need blood. It has an ongoing partnership with SBTP (Safe Blood Authority) to train blood banks on how to find volunteers donors through Facebook.
-Pakistan Railways is Now Offering 5 Percent Discount on 90-Day Advance Booking
The people intending to travel through Pakistan Railways will now have the facility of advance booking of seats 90 days prior to the travel date. A spokesman of Pakistan Railways said that the department has decided to facilitate passengers by offering 90-day advance booking facility. He said that a five percent discount will be offered on advance booking of seats. The discount on the advance booking will be effective in all trains and classes.
-A restaurant introduces it's menu in Braille on International Day of Disabled Persons for it's visually impaired customers
-Construction work on Kartarpur corridor initiates
The longstanding dream is finally being materialized in a literal sense as heavy machinery reached Kartarpur area of the district to start construction work on the corridor linking Gurdwara Darbar Sahib in Kartarpur to Dera Baba Nanak in India’s Gurdaspur district. According to details, the construction company, in charge of the whole project, has shifted heavy machinery and raw material to Kartarpur to start building a four-kilometer road from the Gurdwara to the border.
-Pakistan invites World’s leading economic country to join CPEC projects
Foreign Minister Shah Mehmood Qureshi has invited the Japanese businessmen to invest in Special Economic Zones created under China Pakistan Economic Corridor. He was talking to the National Security Advisor to the Prime Minister of Japan Kentaro Sonoura who called on him in Islamabad on Wednesday. The Foreign Minister briefed the Japanese side on CPEC and assured that Japanese investors will be facilitated in all fields of interest. Shah Mehmood Qureshi said Pakistan regards Japan as a close friend and a key economic partner. He said that government was focusing on socio-economic uplift of the people of Pakistan and furthering regional peace and stability. The Japanese National Security Advisor expressed his earnest desire to further strengthen bilateral relations between Pakistan and his country in the days to come.
-Economic benefits of low-income housing highlighted
Investment in low-income housing would bring “massive” economic benefits to Pakistan, according to a new study published by Karandaaz Pakistan and funded by the UK Government’s Department for International Development (DFID). The new study, ‘Enhancing Builder Finance in Pakistan’, was launched at an event in Islamabad. With this study, Karandaaz Pakistan aims to show the wide benefits of building more affordable housing, but also help boost the businesses of Small and Medium Enterprises (SMEs) that work on the building sector. The study estimates that the construction of 100,000 more houses each year will lead to economic growth as well as increased employment opportunities. According to the study, Pakistan’s economy will benefit massively if affordable housing were to be increased.
-‘Pakistan can achieve 30pc renewable energy generation by 2030’
As renewable energy is now the cheapest form of electricity generation in Pakistan, the government could reduce its reliance on expensive power plants and fossil fuel imports in favour of cleaner, more accessible electricity for people and businesses. A report, “Pakistan’s Power Future: Renewable Energy Provides a More Diverse, Secure and Cost-Effective Alternative,” produced by the Institute for Energy Economics and Financial Analysis (IEEFA), examines the current energy system in Pakistan while suggesting an alternative energy model for 2030. The report finds that Pakistan’s current power mix has an over-reliance on outdated fossil fuels technology and seasonal hydro-power generation, roughly split in a ratio of 70:20:10, being 70pc thermal and 20pc hydro, with nuclear power making up most of the rest.
-Pakistan’s IT Sector Will Produce 18,000 New Jobs in 2019: Report
The IT industry in Pakistan has been growing phenomenally for the past 10-12 years. Its tremendous growth can be identified from its contribution to the economy. IT sector’s share in the total exports accounts for 3.5 percent, which is more than double from 2006, which was 1.3 percent. The industry is projected to expand and grow across different categories. Along with contributing to the country’s exports, it has been generating numerous jobs for people. According to the Pakistan Technology Industry Survey 2018, the IT community is going to hire between 12,000 and 18,000 employees in 2019.
-Punjab Govt to Launch Health App for School Children
Punjab government is planning to launch a customized school app to promote health and hygiene among school-going children. The announcement has come from none other than Punjab Health Minister Dr. Yasmin Rashid in a media talk outside Punjab Assembly. As per the details, the app will launch in 12 selected schools. In the first phase, students of six girls and six boys schools will be screened. They will undergo medical tests of nose, ear, throat, teeth, eyes, and skin. Part 33 Part 34 Part 35 Part 36 Part 37 Part 38 Part 39