GB budget for FY 2024-25 to be presented today

Gilgit-Baltistan budget for the next financial year will be presented in the Gilgit-Baltistan Assembly on Monday.

Provincial Finance Minister Gilgit-Baltistan Engineer Muhammad Ismail will present the budget for the financial year 2024-25.

Source: Radio Pakistan

President for socio-economic uplift of Sindh’s Kacha areas

President Asif Ali Zardari says criminals of Kacha Area in Sindh, except hardened criminals, willing to surrender to the state should be gradually mainstreamed and rehabilitated so they can become responsible and productive citizens of the country.

He was chairing a meeting in Sukkur today, regarding security and law and order situation.

The President called for stern action against hardcore criminals involved in heinous crimes.

He emphasized the need to improve the road, health, and education infrastructure of the Kacha Areas on a priority basis to improve the socio-economic condition of the people.

He advised that a Qaumi Jirga, comprising of tribal chiefs, should be convened to engage and negotiate with the local population to bring normalcy, prevent crimes, de-weaponize and improve the security situation in the area.

The President underlined the need for modernizing the police force by enhancing their capacity, providing modern equipment and weapons and logistics to effectively meet the security chal

He said we should encourage women to join Sindh Police and welfare of the families and children of martyrs of Sindh Police should be ensured.

The President directed to expedite the process of upgradation of Sakrand Police Commando School and provision of land for the establishment of Cadet College for Police. He added that selected students of the Cadet College would be educated and trained to join the Sindh Police.

The President appreciated the performance of the Sindh Government, Police and Rangers in controlling crime and improving the security situation of the province.

During the meeting, the President was briefed about the law-and-order situation in Sindh.

He was apprised that the crimes and violence in Sindh, especially in Karachi and Kacha Areas, has witnessed a declining trend due to the effective strategy adopted by the police and Rangers.

The Inspector General Sindh Police said dacoit activities have been considerably reduced and no highways-related crime has been reported in the past
two months.

It was highlighted that targeted operations and installation of smart cameras had helped control crimes and identify and arrest criminals and their abettors.

The meeting was further informed that, as per the directives of the President, the campaign against drug peddlers has also been intensified while smart cameras have been installed to monitor the entry points of the province.

Source: Radio Pakistan

SIFC playing role in bringing to use country’s mineral resources

Special Investment Facilitation Council (SIFC) is playing a pivotal role in bringing to use the country’s mineral resources.

Many foreign investors have shown interest in the Reko Diq project. The signing of mutual partnership projects between Saudi Arabia and Pakistan is also part of this process.

A separate division has been set up in the mineral sector to accelerate economic development.

A mining fund related to the mining sector has been formed under which a billion dollar will be invested through the mutual partnership of Pakistan and Kuwait.

GIS technology is being used for the discovery of mineral deposits while an investment of 200 million dollars has been made for pink salt.

Establishment of Mines and Minerals Company will help in curbing any illegal activities.

An awareness campaign for foreign investment has also been started which is proving to be very useful.

Source: Radio Pakistan

Finance Bill: Senate proposes 128 recommendations to NA

The Senate has proposed 128 recommendations to the National Assembly on the Finance Bill 2024-25, including reduction of tax on essential goods and food items.

Senator Saleem Mandviwalla laid the recommendations before the House.

It also recommended that direct taxes must be increased through broadening the tax net and inclusion of big industries like sugar, cement tobacco, fertilizers, power sector entities, and big business chains.

The House recommended that the minimum wage that has been raised to 37,000 rupees must be brought to 45,000 rupees to provide relief to the labourers and poor workers.

The House also rejected tax on low cadre government employees, baby milk, books and pencils of school kids, pharmaceuticals, medical supplies, newspapers and agricultural produce. The House proposed a special allowance for disabled people.

The House recommended that no additional taxes should be imposed on the mobile phones and sales tax on poultry feed should be withdrawn. A system to give relief to the motor
bike users through fuel price mitigation was also proposed. It was recommended that a uniform sales tax should be imposed on parts related to the solar industry whether imported or locally produced.

The Senate called for measures for ease of doing business, one window operation and other perks to encourage overseas Pakistan to invest in Pakistan. The House recommended reduced tax rate of 16 percent instead of standard rate of 18 percent on local suppliers to erstwhile tribal areas. It also proposed new development programs and schemes as well as youth development programs and scholarships for Balochistan.

The Upper House emphasized that measures should be taken to broaden the tax base and reduce the tax load on the salaried class.

The Senate today passed a resolution, condemning incidents of mob-lynching in Swat and Sargodha.

The resolution, moved by Sherry Rehman, said the right to life is the most fundamental right as guaranteed by the Constitution of Pakistan and must remain inviolable.

It urged the f
ederal and provincial governments to ensure the safety and security of all persons living in Pakistan including religious minorities and vulnerable communities.

The House also demanded the provincial governments of Khyber Pakhtunkhwa and Punjab to take all measures to ensure that persons involved in these heinous crimes are identified investigated and prosecuted without loss of any times.

The House will now meet at three pm tomorrow.

Source: Radio Pakistan

Rana Tanveer leaves for three-day official visit to Turkmenistan

Minister for Industries and Production Rana Tanveer Hussain has left for a three-day official visit to Turkmenistan.

During the visit, the Minister will hold talks with Turkmenistan’s officials for promotion of cooperation in different fields including trade, industries and agriculture.

Cooperation in the energy sector will also be discussed.

Source: Radio Pakistan