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FBISE issue date sheet for SSC Part I and ll

RAWALPINDI: The Federal Board of Intermediate and Secondary Education, Islamabad, has issued the date sheet for SSCI part I and II scheduled to take place from September 22.

“It is hereby notified for the general information of all concerned that SSC part I and II second annual examinations 2022 of the Federal Board of Intermediate and Secondary Education, Islamabad, shall commence with effect from Thursday, September 22, according to the given schedule,” the board said.

The exams will end on October 13. CLICK HERE

Miftah welcomes Turkish investment

ISLAMABAD, AUG 26: Federal Minister for Finance and Revenue, Miftah Ismail here on Friday welcomed Turkish investments in various fields in Pakistan and assured of full cooperation and facilitation in this regard.

The minister was talking to Ambassador of the Republic of Turkiye, Dr. Mehmet Pacaci who called on him here, according to press statement issued by finance ministry.

The meeting was also attended by CEO Hayat Kimya Pakistan, Fatih Ustunel, CFO Hayat Kimya Pakistan, Onur Kilic, Chairman FBR and other senior officers.

They exchanged views about the long-standing religious, cultural, political, economic and social ties between Pakistan and Turkey.

The Finance Minister also highlighted the future potential areas for strengthening relations especially on business and investment fronts.

Miftah apprised the ambassador that present government of Pakistan was undertaking multiple structural reforms for facilitating the foreign investment in Pakistan.

On the occasion, Dr. Mehmet Pacaci shared that the Republic of Turkiye has strong bilateral ties with Pakistan on various fronts.

Recalling PM Shehbaz Sharif’s visit to Turkey and his meeting with the Turkish investors, the Ambassador briefed the Finance Minister on extending Turkish investment in various sectors of Pakistan and stressed that Turkey aims at enhancing and strengthening the economic ties.

Pakistan: EU allocates €1.8 million in humanitarian assistance for flood victims

The EU is providing €1.8 million in humanitarian aid to families affected by flash floods across large parts of Pakistan. The aid funding will assist affected people in some of the hardest-hit districts of Sindh, Balochistan, Punjab and Khyber Pakhtunkhwa provinces.

Commissioner for Crisis Management, Janez Lenarčič, said: “Unusually heavy monsoon rains led to deadly flash floods in Pakistan. While the assessment on the ground is ongoing, we expect more than 1 million people having lost their homes and in need of direct assistance. The EU contribution underlines our commitment to the people of Pakistan and enables our partners to provide life-saving aid to those most affected.” 

The funding is allocated to EU humanitarian partners operating on the ground to meet immediate needs of flood stricken families, including through the provision of temporary emergency shelter, food and clean water, cash transfers and primary healthcare services.

This latest funding comes in addition to last week’s allocation of €350,000 in aid to help people in Pakistan’s flood-affected province of Balochistan.

The EU is funding humanitarian aid operations in Pakistan since the 1990s. 

The UAE, an ideal investment destination

By Hamad Obaid Al Zaabi,

UAE Ambassador to Pakistan

With a stable and secure business environment and investor-friendly legislation, the UAE is an ideal destination for global investment. At the crossroads of major growth centers across the Middle East, Asia, and Africa, the UAE offers opportunities to quickly scaleup operations to serve regional and international markets.

Foreign investors can benefit from the UAE’s logistics expertise and role as a regional hub for the Middle East, as well as its strong network of economic agreements, including 101 agreements on the avoidance of double taxation and 67 bilateral investment treaties. Investing in the UAE ensures sustainable future growth for multinational corporations, SMEs, and private investors alike.

In the World Competitiveness Yearbook 2021, the UAE ranked 9th globally, scoring high in government and business efficiency, economic performance, and infrastructure. Moreover, in the Global Competitiveness Report 2020, the UAE ranked second worldwide in ICT adoption, flexible work arrangements, digital skills, and digital legal framework.

Features of the UAE’s economy include its strategic location, strong financial reserves, large sovereign wealth funds, solid international relations, consistent government spending on infrastructure, digital transformation, and innovation, progressive policy of economic diversification, multi-specialty free zones, and increased foreign direct investment.

To further the development of a sustainable, diversified, and competitive knowledge-based economy, the UAE is focused on facilitating investments in a number of priority sectors. Moreover, the UAE offers its vibrant expatriate community the flexibility to do business anywhere in the country, including in its many free zones, industrial areas, and commercial buildings.

The UAE’s investment-friendly business regulations allow 100 percent foreign ownership in 122 economic activities across 13 sectors,andthe country regularly hosts high-profile conferences, international exhibitions, and trade and investment events.

The UAE also offers various incentives to investors with the aim of increasing the number of small and medium enterprises and start-ups in the country,with the government simultaneously eliminating barriers that hinder the flow of investments.

Incentives include the following:

100% Company Ownership

Investors of all nationalities can establish and fully own companies in the UAE. This change came about based on the provisions of Federal Decree-Law No. 26 of 2020 on Commercial Companies, under which a foreign company wishing to open a branch and practice its activities in the UAE does not require the presence of a UAE national agent.

40 Free Zones for Company Incorporation

More than 40 free zones allow tax exemptions and 100% ownership for foreign investors. The UAE also offers investors flexibility in selecting the most appropriate zone in which to establish their business. Free zones are located throughout the UAE, enablinginvestors to engage in a wide variety of economic activities.

No Income Tax and Full Profit Transfer

The UAE does not impose income tax on individuals and investors, with the exception of oil companies and branches of foreign banks. As a country with a free economic model since inception, it allows individuals and investors to freely repatriate their profits in entirety.

Golden Visa for Investors

The UAE adopted a new visa system by granting long-term residence visas for durations that range from 5 to 10 years. Available to investors, entrepreneurs, and talented individuals, these visas allow expatriates and their family members the ability to live, work, or study in the UAE while enjoying the benefits of extended residency.

Conclusion

In addition to a desirable investment climate, the UAE also boasts a stable and secure environment that more than 200 nationalities call their home. Over 1.5 million Pakistanis reside in the UAE, which ranked first in the Arab world in the World Happiness Report 2020

As the second-safest country in the world (Global Finance Index 2021) and second-largest economy in the GCC and Arab world, the UAE remains the preferred destination in which to live and invest.

In India, the conditions for an anti-Muslim pogrom are being set up

NEW DELHI, AUG 26: The release of eleven killers and rapists from a Muslim family testifies to a climate of impunity. This is a matter that India had forgotten. A crime that resurfaced on August 15 when the authorities of Gujarat, a state in the west of the country, released eleven men sentenced to life in prison for rape.

Ambassador of Somalia calls on IIUI President

ISLAMABAD, AUG 26 (DNA) — Ambassador of the Federal Republic of Somalia, Shirwa Abdullahi Ibrahim called on Dr. Hathal Homoud Alotaibi, President, International Islamic University, Islamabad (IIUI) at his office at Faisal Masjid campus.

During the meeting issues pertaining to mutual interests including promotions of education and enhancement of educational ties between higher education institutions of both countries  were discussed.

The Somalian Ambassador lauded IIUI for its services to promote higher education and also appreciated the university’s vision of disseminating peace and tolerance. He assured that he will be happy to strengthen bilateral educational ties between IIUI and Somalian universities.

He said IIUI is a source of attraction for a large number of students in Somalia. He thanked the IIU President for taking a very good care of the Somalian students at IIUI.

IIU President apprised the Ambassador  of the university’s scope, vision, new strategic plan, international students, recent activities and history. He said IIU is eager to welcome and facilitate more Somalian students at IIUI.

He opined that IIU has a diversified cultural environment where a large number of countries being represented by foreign students. Dr. Hathal also briefed honorable Ambassador about the role of IIUI in maintaining peace and quality higher education. =DNA

PM orders revision of electricity bills within 24 hrs adjusting FAC relief

ISLAMABAD, AUG 26 (DNA) — Prime Minister Shehbaz Sharif on Friday directed the power distribution companies to revise the electricity bills of up to 200 units within 24 hours adjusting the relief under the fuel adjustment charge (FAC) announced by the government.

The prime minister, who chaired a high level meeting to address the issues faced by the power consumers, also constituted a committee on the subject’. He instructed that the staffers of the distribution companies should work round the clock to ensure the revision of electricity bills. He asked the authorities concerned to cancel the leaves of all the staffers and present him a compliance report immediately.

The prime minister said that the banks should also be directed to remain open in the coming days to enable the consumers pay their revised electricity bills. The meeting was told that the implementation of the relief package announced by the prime minister was being ensured. The electricity bills of around 16.6 million were being corrected to provide them the relief under fuel price adjustment.

The prime minister instructed the authorities concerned to ensure the execution of the relief measures announced by the government.  Later, addressing a press conference Finance Minister Miftah Ismail has informed that a committee has been formed to contemplate on providing relief to power consumers using 200 to 300 units while announcing that no fuel adjustment charges will be taken from 56% electricity users.

The finance minister said that Prime Minister Shehbaz Sharif had formed a committee to look into the matter as how the consumers using between 200 and 300 units could be facilitated.  Miftah said that the power consumers got fuel adjustment charges for the month of May. The electricity which was produced in May was very pricey, he added.

He clarified that those who had not yet paid the electricity bills would be issued with corrected ones without fuel price adjustment. He said those who had already paid the bills, the adjustment would be made in September bills.

He assured that the government would not take fuel adjustment charges from 56% electricity users.  He said Pakistan intended to install solar power projects of 8,000 megawatts which would help bring down the prices of electricity. =DNA

EU provides EUR 10 mln for quality education

This is the second payment of a EUR 42 million grant made available through budget support by the European Union under the DEEP

Mahnoor Ansar

ISLAMABAD:  The European Union is disbursing nearly PKR 2.2 billion (EUR 10 million) to the Government of Sindh to strengthen the implementation of provincial education policies. 

This is the second payment of a EUR 42 million grant made available through budget support by the European Union under the Development through Enhanced Education Programme (DEEP). 

This direct financial support creates opportunities to accelerate access to quality education for all children in the Sindh province, as a foundation for future training and skills development and engagement in productive employment. The programme fully aligns with the Sindh School Education Sector Plan & Roadmap 2019-2024 with a focus on priority reform areas in governance, enrolment and teaching quality. UNICEF provides complementary technical assistance to strengthen the Sindh School Education and Literacy Department’s (SELD) responsive capacity and systems to plan, manage and deliver quality and equitable education.   

The Sindh Minister of Education, Mr. Syed Sardar Ali Shah, highlighted,“Education continues to be one of the key priority areas for Government of Sindh. We aim at improving access to equitable, inclusive and quality education for all to realize their fullest potential and contribute to the development of society and economy, thus creating sense of nationhood, inculcating values of tolerance, social justice and democracy. SELD has come a long way in remodeling the edifice of education in collaboration with the Donors, development partners and civil society. The contribution of European Union in the shape of Development through Enhanced Education with budgetary support allocation of 42 million Euros is quite commendable. This will not only help in carry out the activities of Education Sector plan 2019-24, but also bring forth the quality education in Sindh.”

“Education and learning are fundamental to development and growth. We welcome the latest reform implementation measures by the Government of Sindh; these include the updated school clustering policy and continuous professional development model for teachers as well as the increased digitalization of monitoring systems”, commented the Ambassador of the European Union to Pakistan, Dr. Riina Kionka. “A lot, however, still remains to be done with an estimated 6 million children who are still out of school, of which over half are girls. The European Union remains a committed partner to the Government of Sindh in improving the quality of education and ensure access for all boys and girls in the province.” 

The European Union’s support to primary and secondary education is a priority area under the European Union-Pakistan Strategic Engagement Plan, which serves as a guide for bilateral relations between the two sides and aims to further enhance engagement and work towards addressing emerging global challenges.

Canadian firms to be encouraged to explore low cost housing opportunities in Pakistan: Envoy

ISLAMABAD, AUG 26: High Commissioner of Canada Wendy Gilmour in a meeting with Federal Secretary Ministry of Housing and Works Iftikhar Ali Shallwani.=DNA PHOTO

ISLAMABAD, Aug 26 (DNA): Canadian High Commissioner Wendy Gilmour on Friday appreciated the efforts of the incumbent government for providing low-cost housing to the vulnerable and poor segments of society.

She said the Canadian companies would be encouraged to explore low cost housing opportunities in Pakistan.

The envoy was talking to Secretary Ministry of Housing and Works Secretary Iftikhar Ali Shallwani in a meeting here at his office.

Various bilateral issues especially promoting Pakistan-Canada long-standing relationship and exploring low cost housing opportunities in Pakistan came under discussion in the meeting.                                                                                     

The secretary housing extended an invitation to Ms Wendy Gilmour to attend the upcoming first International Housing Expo-2022, which she accepted.

Ms Wendy said she was glad to know that Canadian companies would attend the expo.=DNA

POA welcomes Prime Minister decision for revival of departmental sports

AFZAL JAVED

ISLAMABAD: The Pakistan Olympic Association (POA) has expressed its gratitude for the announcement of the lifting of the ban on departmental sports by Prime Minister Shehbaz Sharif, saying that the Prime Minister has taken a big step for the revival of sports.

According to Secretary General of Pakistan Olympic Association Muhammad Khalid Mahmood, the entire family of Pakistan Olympic Association thanks Prime Minister Mian Muhammad Shehbaz Sharif for motivating and extending personal patronage to the national athletes who have recently represented Pakistan at the Commonwealth Games and Islamic Solidarity Games.

“This interaction will be a source of great encouragement for all the Pakistani athletes”, he said adding that POA appreciates the Prime Minister for restoring sports in the governmental departments that provide athletes with employment opportunities, training facilities and other support that enable athletes to focus on their athletic development.

He said that all medalists are associated with the Army Sports Directorate and WAPDA Sports Board and their continuous support to these athletes has played a significant role in enabling them to give their best to bring laurels for Pakistan.

The Olympic Family of Pakistan appreciates the efforts of Federal Minister of Inter Provincial Coordination (IPC) Ehsan ur Rehman Mazari for facilitating the athletes and recognizing the contributions of these athletes along with his resolve to recognize the significance of all stakeholders working hard to ensure international participation of national athletes. 

“We however disappointed that the Pakistan Sports Board (PSB) once again has tried to undermine the efforts of the all-stakeholders like the Coaches, Federations, the doctors and the NOC for reasons best known to them by keeping them from meeting the Prime Minister”, Khalid said adding that there is whole team behind each athlete and each of these dedicated members contribute in an unmeasurable manner to help the athlete in achieving the best possible result.

He said that not to recognize the efforts of these personnel along with the officials of Army Sports Directorate, WAPDA Sports Board and other departments as well as the volunteers working in the National Sports Federations is regrettable as all such officials were not made part of the program at the Prime Minister Secretariat. Their presence would have encouraged them in their resolve to work harder and given an opportunity to the Prime Minister to get a broader picture for the sports development in Pakistan.

“We appreciate the efforts of the IPC Minister Ehsan ur Rehman Mazari who has already expressed his resolve to work with all stakeholders for the promotion of Sport in the country”, Khalid Said adding that POA is looking forward to this meeting with the Honorable Minister IPC in the coming weeks once he returns from his commitment and involvement with the flood relief operations.

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