The Financial Daily : 2020-09-05

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NATIONAL Saturday- Sunday, September 5- 6, 2020 SITE seeks withdrawal of hike in K- E tariff Zong 4G extends support to Bint- e- Fatima old home Karachi amid urban flood Sindh CM called upon to stop audit harassment KARACHI: President of SITE Associatio­n of Industry Suleman Chawla has in a press statement, vehemently opposed the decision of the ECC allowing K- Electric a tariff increase in the range of 1.09 to 2.80 rupees per unit. He has demanded the government to immediatel­y withdraw the decision, says a Press release. It is irony that instead of providing relief to Karachiite­s who are suffering from the corona virus and now due to aftermaths of torrential rains, the government has put further burden on them by allowing K- Electric an increase in its tariff. It is quite surprising as the business community was expecting a cut in power & gas tariffs to restore industrial production activities in the wake of corona pandemic which is not in 100pc control as yet. Chawla said that allowing K- Electric an increase in its tariff clearly shows how much ' serious' f ederal government is towards resolving issues of the mega city. President SITE Associatio­n further said that industries which are already suffering due to corona pandemic will further suffer due to increase in power tariff. He has therefore, demanded the ECC to withdraw its decision and help industry stand on its feet by controllin­g production cost. Suleman Chawla has appealed the government to take business- friendly measures so t o promote industrial activities and achieve economic progress. KARACHI: Nasim Akhtar, president of the North Karachi Associatio­n of Trade & Industry ( NKATI), has protested against harassment to industrial­ists by SESSI, EOBI and t he Labour department in the name of audit and appeal to Sindh Chief Minister Syed Murad Ali Shah to defer all audits for at least 2 years in the view of COVID- 19, so that industries can be restored, says a Press release. In the emergency meeting at NKATI, the situation arising out of COVID- 19 was discussed in detail and various issues were considered to deal with the ongoing serious crisis in the country. NKATI President Nasim Akhtar expressed deep concern over the effects of the coronaviru­s have waned, provincial department­s have stepped in to harass industrial­ists. Especially SESSI, EOBI & Sindh Labour department have started harassing in the name of annual audit, which is strongly condemned by the industrial community. "Due to COVID- 19, industries have been badly affected even before the long lockdown and severe economic crisis, while the recent devastatin­g rains have further aggravated their problems", he added. In these circumstan­ces, it is not an easy task to continue production activities. Neverthele­ss, the industrial community of Karachi is struggling to restore production activities in the best interest of the country, regardless of all the losses. Therefore, instead of creating problems, the Sindh government should cooperate for reviving the industries. Staff Reporter KARACHI: As part of i ts CSR efforts to support the marginaliz­ed strata of society in rain and flood- hit Karachi, countr y's l eading cellular and digital services provider, Zong 4G, has extended support to the Binte- Fatima Foundati on ( BFF) old home. Being the sole source of sustenance for the elderly, Bint- e- Fatima old home is always in need of support and during these unpreceden­ted r ains, even more so. "We are grateful to Zong 4G for their support in this time of crisis as it 's this kind of generosity that f uels our organizati­on and empowers us to sustain the lives of the elderly that are in our care," said Asad Ali of Bint- e- Fatima old home. "We appreciate Zong for this kind gesture and hope that other organizati ons will follow Zong 4G's footsteps," he added. "As an organizati­on that places a huge emphasis on the well- being of the underprivi­leged echelons of the society, Zong 4G has always stepped forward to help the people in their times of need," Zong 4G's spokesper- Chohan is appointed as Election Commission­er Sindh, Afridi removed son said. "We're pleased to have partnered with Bint- e- Fatima Old Age homes and are glad to have a chance to help these elderly people during this unpreceden­ted monsoon spell which has wreaked havoc in Karachi and its surroundin­gs," he added. Besides being a leading connectivi- ty partner for Pakistanis, Zong 4G also leads corporate social responsibi­lit y and the partnershi­p with BFF is a testament to that commitment. The company hopes that it s support will help BFF survive the crisis of urban flooding that Karachi and other parts of Sindh have recently faced. KARACHI: In a major reshuffle at the provincial Election Commission office in Sindh, the Election Commission of Pakistan ( ECP) on Friday removed Election Commission­er Javed Afridi from his post. Javed Afridi was directed to report to the Election Commission Secretaria­t in Islamabad and was replaced by Aijaz Anwar Chohan as the new provincial election commission­er. Chohan was earlier posted as additional director general ( local government). In another change, Joint Election Commission­er Farid Afridi was also removed from his post and was also directed to report to the Islamabad secretaria­t. The distric t election commission­ers in Jamshoro and Sujawal also replaced each other. The changes in the province were made on the directives of the chief election commission­er after the schedule for delimitati­on of constituen­cies in the province AGP orders against public institutio­ns after disastrous rains in Karachi welcomed See# 12 Page7 KARACHI: Former President Karachi Chamber of Commerce & Industry Nasser Hyatt has appreciate­d the order issued by Auditor General of Pakistan ( AGP) to hold audit of the public institutio­ns in the aftermath of the disastrous rains that wreaked havoc on the country's financial capital Karachi, says a Press release. Nasser Hyatt said water remains accumulate­d in Karachi markets and industrial areas even seven days after heavy rains pounded the metropolis, continuing to deal severe damage to roads and posing a risk to commuters. While the office premises were deprived of electricit­y. The authoritie­s say they are making efforts to clear the area but the situation is grave and needs urgent steps. The infrastruc­ture was in a bad state and the rains have completely destroyed it. The National Disaster Management Authority and Frontier Works Organizati­on had taken over charge about two weeks ago but the situation remains unchanged. According to notificati­on from AGP Javaid Jehangir a team is ordered to conduct the special audit of the public institutio­ns. The notificati­on mentioned that the team would carry out an audit of the records and dealings from 2018 and 2019, as well as the funds given to government agencies. The resources allocated to disposal of garbage and sewerage would also be audited, as would the expenditur­e on the cleaning of nullahs, the encroachme­nts around the major drains, and the communicat­ion with the public institutio­ns with regard to resolving rain- related challenges. The public institutio­ns to be audited include the Karachi Metropolit­an Corporatio­n ( KMC) and the Karachi Water & Sewerage Board ( KWSB). The three cantonment boards in the metropolis would also be audited, as would the six district municipal corporatio­ns. A special audit of the Sindh Solid Waste Management Board ( SSWMB) would be conducted separately, the notificati­on said, adding that the capacity of the drainage system - nullahs - would be checked. It may be mentioned here that a day earlier, Gen Bajwa had said that the country's issue is not the non- availabili­ty of resources but setting priorities right, according to a statement from the military's media wing. Local industrial­ists and businessme­n held a meeting and highlighte­d their issues to the army chief in his Karachi visit but he did not directly give any assurance. He said that the military plays its role and supports political government­s. An online seminar on COVID- 19 today KARACHI: Vice- Chancellor University of Karachi Prof. Dr. Khalid Mahmood Iraqi and Pink Pakistan Trust President Dr. Zubaida Qazi are signing a MoU, here Friday. - NNI photo Foreign loans jump by 52pc in 2 years: Zahid KARACHI: An online seminar entitled "COVID19: 2020 and Beyond" will be held on today ( Saturday) from 12 Noon to 4 pm, says a Press release. The spokesman of the Internatio­nal Center for Chemical and Biological Sciences ( ICCBS), University of Karachi ( UoK) said that the registered participan­ts have already been provided the connection details to be connected with the seminar through email. He said that the seminar is being jointly organized by Pakistan Academy of Sciences ( PAS), Sindh Chapter and LEJ National Science informatio­n Center, ( ICCBS- UoK). The names of the speakers included Secretary PAS ( Sindh Chapter) Prof. Dr. Khalid Mohammed Khan, President PAS Prof. Dr. Qasim Jan, Gallup Pakistan Chairman Dr. Ejaz Shafi Gilani, National Institute of Health Executive Director Major General Prof. Dr. Aamer Ikram, Prof. Dr. Faisal Mehmood ( AKU), Prof. Dr. Mohammad Wasay, Prof. Dr. Zulfiqar A. Bhutta, President Pakistan Psychiatry Society Prof. Dr. Muhammad Iqbal Afridi, Ex Federal Secretary of Finance Dr. Waqar Masood Khan, ICCBS UoK Director and Coordinato­r General COMSTECH Prof. Dr. M. Iqbal Choudhary, Dr. Faisal Sultan Special Adviser to Prime Minister on National Health Services, Regulation and Coordinati­on, and PAS Secretary General Prof. Dr. M. Aslam Baig. Everyone now focused on outsourcin­g Karachi uplift to NDMA, FWO KARACHI: President Pakistan Businessme­n and Intellectu­als Forum and All Karachi Industrial Alliance, Mian Zahid Hussain on Friday said the government has borrowed a record Rs11.3 trillion over the last two years which have increased debt to GDP ratio to 87.2 percent. The debt to GDP ratio was 86.1 percent during 2019 which has been increasing rapidly since then, he said in a statement. Zahid said that foreign loans have increased by 52 percent from June 2018 to June 2020 which is a matter of concern. Talking to the business community, the veteran business leader said the increase in the debt can be attributed to IMF directions which resulted in a massive devaluatio­n of rupee from Rs110 a dollar to Rs167. The devaluatio­n failed to boost exports while it contribute­d to inflation and poverty as the devaluatio­n of one rupee against dollar increased debt by Rs100 billion. He noted that currency is always devalued on the directions of the IMF but the reforms agreed with the IMF have never been implemente­d. These reforms include proper economic and administra­tive policies, improving tax administra­tion, reducing reliance on indirect taxation, just distributi­on of wealth, transparen­cy etc. Zahid said that indirect taxation KARACHI: Chairman Businessme­n Group ( BMG) & Former President Karachi Chamber of Commerce & Industry ( KCCI) Siraj Kassam Teli has said that the entire country including the Federal & Pr ovincial Government­s, Chief of the Army Staff, Corps Commander, Trade Associatio­ns/ Chambers and the Public are now focused on his legitimate demand to outsource Karachi's infrastruc­ture rebuilding task to National Disaster Management Authority ( NDMA) and Frontier Works Organizati­ons ( FWO) which is good and ' I am happy to see that'. However, instead of arguing, planning or forming committees, this gigantic task must straightaw­ay be given to NDMA and FWO who have the capacity and capability to accomplish it within the next three to four years, says a Press release. In a statement issued, Siraj Teli said, "Throughout last month, I constantly demanded through media to rebuilt Karachi's infrastruc­ture which has to be outsourced to NDMA and FWO under army's supervisio­n and now everyone is also repeating and talking about the same but it has to be ensured that Karachi's infrastruc­ture See# 13 Page7 Sindh govt has failed in providing relief to rain hit people, says Zaman See# 14 Page7 Dawood & Alamgir move into Faruqi cricket semis KARACHI: Pakistan Tehreek- e- Insaf ( PTI) MPA from Sindh, Khurram Sher Zaman has said that Sindh government has failed to provide relief to the rain- hit people of the province. In a statement on Friday, Khurram Sher Zaman said that the Pakistan People's Party has failed to carry out relief activities after imposing a rain emergency in the province. He said Mirpurkhas, Badin, Umerkot, Sanghar, Nawabshah and other districts are still submerged with rainwater. People in Kacho are waiting for the aid under an open sky, while the tent city in Umerkot has turned into a ' Jiya city', the PTI stalwart added. He questioned Sindh Chief Minister Syed Murad Ali Shah to tell which provincial institutio­n is providing relief to the rain- hit people of the province. "Pakistan Army and Navy are helping the masses," Zaman said and added that the federal government will soon start relief activities in various districts of Sindh including Karachi. Earlier, Federal Minister for Planning and Developmen­t Asad Umar had said that they have agreed in principle over a package for Karachi and consultati­on over the funds have been completed. He said that projects for Karachi have been under discussion for some time. - TLTP KARACHI: Dawood Sports and Alamgir Gymkhana moved into the semi- finals of the All Karachi Prof. Ejaz Ahmed Faruqi Invitation Cricket Tournament after beating their opponents Thursday at different grounds, says a Press release. Summarised Scores: Dawood Sports beat Air Port Gymkhana by 8 wickets at TMC Ground in the 2nd Quarter Final. Air Port Gymkhana 225/ 9 in 45 overs. M. Taha 54 1x4 3x6, Anwar Ali 39 3x4 1x6, Tanwir Ali 35, Asif Zakir 29. Faisal Tahir 2/ 34, Saeed Bin Nasir 2/ 40. Dawood Sports 229/ 2 in 45 overs. Opener Naveed Khan 107 3x4 2x6 ( in 136 balls) not out. Azhar Shah 73 3x4 5x6 not out ( in 67 balls, ( Both Naveed Khan and Azhar Shah added 146 runs for 2and wicket partnershi­p, Kashif Iqbal 21. In the 3rd Quarter Final Alamgir Gymkhana beat Shameel Cricket Club by 193 runs at KCCA Stadium. Alamgir Gymkhana 295/ 8 in 45 overs. Opener Jahid Ali 101 9x4 ( in 96 balls), Ahsan Ali 48 8x4 1x6, Saad Ali 29, M. Azam Khan 26, Ashir Ali 22, Fahadis Bukhari 20. Mohammad Ilyas 3/ 56. Shameel C. C. 102 all out in 33.2 overs. Ali Meher 40 1x4 3x6, Asrar Aslam 19. Aylan Mehmood ( rob) 4/ 17, Hassan Khan ( lls) 3/ 18, Ghulam Mudassir 2/ 8. The tournament is being organised by Rising Star Cricket Club with the permission of PCB. Residents seek DHA- CBC to undergo accountabi­lity Imran Zakir KARACHI: demanded accountabi­lity of the top brass of DHA and their parent organizati­on CBC by t he Chief Jus t i ce of Pakistan. A protestor Ms. Nazli Abid, Conveneur FPCCI Women Committee said that due t o the negligence and incompeten­ce of CBC whole Clifton and Defence drowned and even the basement of thousands of houses were inundated with stagnant rainwater. She said that our taxes are misused and we are demanding for the waiver of property ta x and CBC tax and forensic audit of DHA and its parent organizati­on CBC. The change would only change come when women s how strength, she summarized. Prominent Showbiz personalit­y, Freiha Altaf said t hat DHA office is collecting Rs 17 bi l l i on every ye ar on account of maintenanc­e fee from us while CBC i s collecting Rs. 5.2 billion from DHA residents. We also filed a petition against t hem and would never allow anyone to grab our b asi c r i ghts. Actress Sarwat Gellani and Fahad Mirza also joined this protest. Most of the organizers have turned off t heir phones and have gone undergroun­d after t he FIRs l odged against pr otest p l anners. DHAClifton residents are planning for t heir third protest today ( Sa t urd ay) at Frere Hall, Karachi. Followed by a peaceful pro t est outs i de Cantonment Boa rd Clif t on office on Monday by Defence Housing Authority ( DHA) residents whose houses were flooded and rains and after the police registered a criminal case against around two dozen protesters on a complaint of the CBC Wednesday, the residents staged another protest outside Karachi DHA office Thurs day. Prot ester s 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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