Day: August 12, 2021

Canadian Agency, Transport Canada issued a letter to PIA on successfully completing the Safety Validation and Air Worthiness Audit conducted by them

Karachi, August 12, 2021 (PPI-OT):Canadian Agency, Transport Canada has issued a letter to PIA on successfully completing the Safety Validation and Air Worthiness Audit conducted by them on ICAO Airworthiness Elements. The letter, issued on 11 August 2021, declares PIA's operations up to international standards and closes down all its reservations pertaining to the flight safety and operations of Pakistan's national flag carrier. The audit was conducted in the aftermath of the flight authorizations suspension by the European Air Safety Agency (EASA) on all Pakistani operators consequent to the pilots’ licenses scandal. Transport Canada's Safety Validation and Air worthiness Audit

Total liquid foreign reserves position

Karachi, August 12, 2021 (PPI-OT):State Bank of Pakistan on Thursday informed that the total liquid foreign reserves held by the country stood at US$ 24,644.0 million on 06 August, 2021. The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank of Pakistan: US$ 17,622.7 million; and net foreign reserves held by commercial banks: US$ 7,021.3 million. During the week ended 06 Aug-2021, SBP made external debt repayments and payments for the import of Covid-19 vaccine totaling US$ 245 million. After accounting for other official inflows, SBP’s reserves decreased by US$ 223 million to

Governor State Bank of Pakistan shares the positive outlook of the economy and facilitation measures for businesses with FPCCI

Karachi, August 12, 2021 (PPI-OT):Dr. Reza Baqir, Governor State Bank of Pakistan, stated that the Pakistan’s economy is poised to witness continued recovery in FY22 given the resilience in the economy and the measures taken during Covid19 pandemic situation to support the businesses and common people. The recovery could already be seen in the more than expected GDP growth during FY21, he added. Further, the impact of measures taken to digitalize the financial sector and improving the business environment through improving ease in doing business will help to make it more sustainable, he said. Governor Baqir was speaking at an

FBR issues the clarification

Islamabad, August 12, 2021 (PPI-OT):Federal Board of Revenue has issued a clarification on a news story titled “FBR issues thousands of suspicious exemption certificates” appearing in a magazine with the name “Profit” in its edition of 10th August, 2021. The news item, inter alia, mentions that FBR field formations have issued thousands of exemption certificates without fulfilling the requirements envisaged in law. FBR has clarified that the news has been reported without understanding the relevant provisions of SRO 717(I)/2014 and context of FBRs’ correspondence with field formations. The law stipulates inherent mechanism for examining the propriety and correctness of the

Awareness session about Benami law held at Faisalabad Chamber of Commerce and Industry

Islamabad, August 12, 2021 (PPI-OT):As a part of awareness campaign under the directions of Director General Anti-Benami Initiative, Islamabad, the Commissioner Inland Revenue, Anti-Benami Initiative, Zone-II, Lahore visited Faisalabad Chamber of Commerce and Industry (FCCI). The session was attended by members of Faisalabad Chambers of Commerce and Industry. The session included presentation on the Benami law, legal structure, and its implications on the economy as a whole. After the presentation, question and answers session was held. The members of Chambers of Commerce and Industry asked questions related to Benami law. The members of FCCI requested the Commissioner Inland Revenue, Anti-Benami

Monsoon tree plantation drive by PTA

Islamabad, August 12, 2021 (PPI-OT):In line with Prime Minister of Pakistan's vision of Clean and Green Pakistan, PTA organized a tree plantation drive in the vicinity of PTA Headquarters in Islamabad. Chairman PTA, Major General Amir Azeem Bajwa (R) inaugurated the eco-friendly drive by planting a sapling along with Members of the Authority. Speaking on the occasion, the Chairman said that trees are an invaluable asset of a country and for future generations. He encouraged PTA officers and officials to participate in the monsoon tree plantation drive and extend its scope to their neighbourhoods to increase green cover. For more

Meeting of Senate Standing Committee on Inter-Provincial Coordination held

Islamabad, August 12, 2021 (PPI-OT):A meeting of the Senate Standing Committee on Inter-Provincial Coordination was held under the chairmanship of Senator Mian Raza Rabbani. In addition, Minister for Inter-Provincial coordination, Dr. Fehmida Mirza also attended the meeting. Decisions / directions of the Committee taken in the meeting today: The Committee decided that a sub-committee shall be constituted in order to review and provide observations on the pending decisions before the Council of Common Interest (CCI). The Sub-committee shall submit its report to the main Committee within twenty-working days. The Committee directed the Ministry of Inter-Provincial Coordination to share the draft

Meeting of Senate Standing Committee on Rules and Procedure on Procedure and Privileges held

Islamabad, August 12, 2021 (PPI-OT):The meeting of the Senate Standing Committee on Rules and Procedure on Procedure and Privileges was held on Wednesday at Parliament House. The meeting was chaired by Senator Muhammad Tahir Bizenjo. Members who attended were Senator Mian Raza Rabbani, Senator Shaheen Khalid Butt, Senator Irfan-ul-Haq Siddiqui Senator Liaqat Khan Tarakai, Senator Sarfaraz Ahmed Bugti, and senior officers from the Ministry Parliamentary Affairs along with all concerned. Minister of State for Parliamentary Affairs, Mr. Ali Muhammad Khan was present as well. The Meeting commenced with a written apology tendered by Secretary Ministry of Parliamentary Affairs for his

Masood condemns arbitrary arrests in IIOJK ahead of India’s Independence Day

Muzaffarabad, August 12, 2021 (PPI-OT):The Azad Jammu and Kashmir (AJK) President Sardar Masood Khan on Thursday strongly condemned arbitrary arrests of dozen of youth and fresh restrictions on the movement of people in Illegally Indian Occupied Jammu and Kashmir ahead of India's Independence Day. Reacting to house-to-house searches and arbitrary arrests of people by the Indian Army and police in Srinagar and other areas, the President said that India, on one hand, was preparing to celebrate its Independence and on the other depriving Kashmiris of their basic freedom. “The voices of dissent are being increasingly muzzled while organizations aligned with