The Financial Daily : 2020-08-25

8 : 8 : 8


Tuesday, August 25, 2020 ISLAMABAD: Prime Minister Imran Khan with a delegation of leading Chinese companies that called on him, here Monday. - PID photo Punjab Govt reviews security measures for Ashura Fake degrees Says opposition is responsibl­e for destructio­n of various institutio­ns Buzdar orders for tightening security for Muharramul Haram gatherings 17 pilots among 760 PIA staff dismissed Govt is set to revamp power sector: Shibli TAXILA: Aviation Minister Ghulam Sarwar Khan has said that so far 17 pilots among 760 employees have been sacked from Pakistan Internatio­nal Airlines ( PIA) over fake degrees. Talking to media persons after inspecting Labour Square in Taxila, t he minister said that licences of the pilots having fake degrees were revoked. The minister said he welcomed the ISLAMABAD: Minister for Informatio­n and Broadcasti­ng Shibli Faraz has said that the government is focused on improving the performanc­e of state institutio­ns, including the power sector. Addressing a news briefing along with Minister for Industries Hamad Azhar here on Monday, Shibli Faraz said that revamping the power sector of the country has seminal importance in strengthen­ing the economy of the country. The minister said, in this regard, new agreements with the Independen­t Power Producers ( IPPs) will be made to manage the loss of previous expensive agreements. He said that expensive agreements are not sustainabl­e and their only purpose was to get kickbacks from the investors and people have borne the burden of expensive electricit­y. The minister said under the new renewable energy policy of the government, focus has been shifted to energy mix to produce more energy from indigenous sources. Responding to PML- N leader Shahbaz Sharif's diatribes against PTI, he said that opposition is responsibl­e for the destructio­n of various institutio­ns. Hamad Azhar said due to tough and timely decisions of the government, foreign exchange reserves are now stable and the current account deficit has reduced just to $ 3 billion. The minister said as compared to other regional countries, Pakistan's economy is less affected by the corona pandemic. - TLTP LAHORE: Punjab Chief Minister Sardar Usman Buzdar has ordered the law- enforcemen­t agencies to provide foolproof security to all gatherings and procession­s during Muharramul- Haram while ensuring implementa­tion of standard operating procedures ( SOPs) related to coronaviru­s. The chief minister issued these directions while chairing a highlevel meeting here on Monday to review security arrangemen­ts during Muharram- ul- Haram and prices of edible items including flour and sugar in the province. Chief Secretary Jawad Rafique Malik also attended the meeting. During the meeting, the chief minister directed the concerned authoritie­s to bring stability in the prices of edibles, asking them to take legal action against those involved in hiking the prices of essential commoditie­s on their own. He directed the administra­tive officers and price control magistrate­s to ensure sale of essential commoditie­s at the government rates. He ordered police to ensure foolproof security to all gatherings and mourning procession­s during Muharram- ul- Haram. Earlier in the day, the Punjab health department declared an alert for the government hospitals during the month of Muharram. In a circular, the health See# 16 Page7 Land allotment case Sindh LG Secretary arrested See# 19 Page7 Sindh to register seminaries as educationa­l institutio­ns KARACHI: The N a t i o n a l Accountabi­lity Bureau ( NAB) on Monday arrested Sindh Local Government Secretary Roshan Ali Sheikh in an illegal land allotment case. Roshan Ali Sheikh was arrested after the Sindh High Court on Monday rejected the bail pleas of Sindh LG secretary and nine others in an illegal land allotment case. Sheikh and IHC to hear Sharifs' appeals vs Avenfield judgement on Sept 1 KARACHI: The government of Sindh has decided to register religious seminaries ( madrassas) across the province as educationa­l institutio­ns. Sindh Chief Minister Syed Murad Ali Shah on Monday chaired a meeting of Sindh Apex Committee here at Chief Minister House. The inspector general of Sindh police briefed the session on the implementa­tion of 16 points of National Action Plan ( NAP). The secretary transport and IG Sindh briefed the meeting about the installati­on of trackers in the motorbikes. The Sindh chief minister told the meeting that the Education and Literacy Department will register madrassas as educationa­l institutio­ns. He said that seminaries play an important role in providing free education to the people. The meeting also decided to install CCTV cameras at all entry and exit points of the port city. Meanwhile, the provincial law secretary briefed the participan­ts on legislatio­n regarding street crime. Murtaza Wahab told the meeting that the law department is consulting the Sindh High Court ( SHC) to legislate new laws to eliminate street crime. The chief minister suggested introducin­g laws that guarantee strict punishment­s to criminals. The meeting was briefed that 12 projects of China- Pakistan Economic Corridor ( CPEC) are under constructi­on in Sindh with the help of 2,500 Chinese workers. The meeting was also informed that currently, 136 nonCPEC projects are underway in Sindh with 488 foreign workers. The chief minister has directed to sign a memorandum of understand­ing ( MoU) to restore services at Mai Bakhtawar Airport. The apex committee meeting also discussed progress on Karachi Safe City Project, current security situation of Sindh and installati­on of trackers on motorcycle­s and mainstream­ing of riverine forest areas. The session was attended by senior civil and military officials. - TLTP ISLAMABAD: The Islamabad High Court ( IHC) has fixed appeals of former prime minister Nawaz Sharif, his daughter Maryam Nawaz Sharif and his son- in- law Captain ( retd) Safdar for September 1 against their conviction in the Avenfield reference for hearing. A two- judge bench comprising Justice Aamir Farooq and Justice Mohsin Akhtar Kayani will hear the case. The appeals will come up for hearing after a passage of more than a year. The accused have been out on bail since Sept 19, 2018 when the IHC suspended t he 10- year, seven- year, and one- year imprisonme­nt handed down to Nawaz, Maryam, and Safdar, respective­ly by an accountabi­lity court on July 6, 2018. The Supreme Court later upheld the suspension of their conviction while rejecting t he National Accountabi­lity Bureau's ( NAB) appeal against the high court's decision. The court will also take up Nawaz's appeal against his conviction in the Al- Azizia Steel Mills reference on September 1. The NAB's appeals, including one seeking an increase in the PML- N supreme leader's sentence in the Al- Azizia case from seven years to 14 years and the other against his acquittal in the Flagship reference, will also be heard. Then Accountabi­lity Court Judge Muhammad Arshad Malik had handed the verdicts in the See# 17 Page7 OGDCL discovers new oil, gas reserves in Kohat CCP, ministry join hands to address the competitio­n concerns in wheat sector ISLAMABAD: The Oil and Gas D e v e l o p m e n t Company Limited ( OGDCL) on Monday announced discovery of new reserves of oil and gas in Kohat. Nine mmcfd gas and 125 barrels of oil will be obtained daily from well number 1 in Togh Bala, an administra­tive unit of Kohat district. The OGDCL officials involved in the exploratio­n process said that it was the second consecutiv­e successful exploratio­n in the Kohat block. Discovery of the reserves from well number 1 was achieved after See# 14 Page7 Nawaz Sharif to go straight to jail on his return: Fawad ISLAMABAD: The Competitio­n Commission of Pakistan ( CCP) and Ministry of National Food Security & Research ( MNFS& R) have joined hands to address the competitio­n concerns and consumer protection issues in the wheat sector. This was decided on Monday during a consultati­ve meeting, organised by the CCP, with the key stakeholde­rs to discuss the competitio­n distortion­s and consumer protection issues in the wheat sector, said a statement. The purpose of the meeting was to engage the stakeholde­rs on the relevant issues and consult with them on the possible policy interventi­ons to address competitio­n distortion­s and collusive practices in the wheat sector. It was decided in the meeting that MNFS& R and the CCP will remain in close coordinati­on and continue the policy dialogue to address the competitio­n concerns and provide relief to the consumers through possible policy interventi­ons. The meeting discussed a host of issues pertaining to the wheat sector and deliberate­d upon the likely solutions to the problems faced by the consumers. The meeting was attended by Secretary MNFS& R Omar Hamid Khan along with his team, CCP Chairperso­n Rahat Kaunain Hassan, Member Cartel & Trade Abuse Shaista Bano Gilani, Member Pakistan Agricultur­e Research Council Dr Umar Farooq, Secretary Policy, Federal Board of Revenue, Sajid Iqbal, CCP Secretary Noman Laiq, DG Shehzad Hussain, and Joint Director Cartel & Trade Abuse Qasim Khan. - TLTP ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry has said that Pakistan Muslim League- Nawaz ( PML- N) leader Nawaz Sharif will go to jail on his return from London. In a state ment on Monday, Fawad Chaudhry said that the court has changed the surety in the case, but it needs to summon Shehbaz Sharif to discuss Nawaz's return. "First of all, Nawaz was serving jail time so when he returns, he will go back to jail. Secondly, Nawaz will do a plea bargain and return the money [ he allegedly looted]," said the minister. Chaudhry added that Nawaz Sharif has been disqualifi­ed by the Supreme Court of Pakistan and he, hence, cannot See# 18 Page7 See# 15 Page7 FBR's inland revenue filed formations formed; Speedy clearance of perishable goods to be ensured Meeting on reforms says FBR to submit regular reports FBR officials' performanc­e report lands in PMDU Raza Kazmi ISLAMABAD: Division. The meeting was chaired by Advisor to the Prime Minister on Finance & Revenue Abdul Hafeez Sheikh and was attended by Abdul Razak Daood, Advisor to PM on Commerce, Textile and Investment, Dr. Ishrat Hussain, Advisor to PM on Institutio­nal Reforms and Austerity and Secretary Finance Division. The FBR officers included Chairman FBR Muhammad Javed Ghani, Doctor Ashfaq Ahmad, Member IR Operations, Ambreen Iftikhar, Member Reforms & Modernizat­ion and Asim Ahmad, Member IT. Member Reforms and Modernizat­ion gave a detailed presentati­on to the Committee. The Appellate System and court matters came into discussion as well. The meeting decided that FBR would revamp its existing Appellate structure to extract maximum stuck- up revenue in litigation at various Appellate Foras like CIR Appeals, ATIR, Courts. The meeting decided t hat FBR would make all out efforts to fully An important meeting was held i n the Ministry of Finance to discuss FBR reforms. It was decided in the meeting that FBR would submit regular reports on revenue collection along with analysis to clearly bifurcate growth patterns in various sectors. Regarding refunds, new taxpayers, number of POS retailers and resolved complaints, the committee decided that FBR would submit regular reports on this performanc­e indicators region wise to the Finance ISLAMABAD: The Prime Minister's Delivery Unit ( PMDU) has received a report regarding the performanc­e of officials of Federal Board of Revenue ( FBR). The report compiled by the chairman FBR has been presented before Prime Minister Imran Khan. According to the report, str ict warning has been issued to 10 high ranking officials of the FBR over their poor performanc­e. Letters of displeasur­e have been sent to member Custom Policy, DG Customs Intelligen­ce, Chief See# 21 Page7 See# 20 Page7 Published by Shakil Haider Jafri & Printed by Mukhtar Aqil at KK Printers for Data Research Communicat­ion, 111- C, Jami Commercial Phase VII, DHA Karachi. PRINTED AND DISTRIBUTE­D BY PRESSREADE­R PressReade­r. com + 1 604 278 4604 O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y . O R I G I N A L C O P Y COPYRIGHT AND PROTECTED BY APPLICABLE LAW

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