Tuesday, June 13th, 2023
IMF failed to compel Pakistan to practice fiscal restraint
ISLAMABAD, JUN 13: /DNA/ – Former President of the Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt said on Tuesday that despite its strict attitude, the IMF has not been able to force Pakistan to follow fiscal discipline. “The country is barely avoiding bankruptcy while the inflation is uncontrollable, yet the spending spree continues,” he said. Shahid Rasheed Butt said that the displeasure of the IMF is increasing due to continued violations of basic economic principles, open violations of agreements with the lender, and irresponsible fiscal actions.Read More
Lombok island: a jewel in Indonesia’ crown
Travelogue ————— Ansar M Bhatti In Lombok I had heard a lot and read articles about the Lombok Island, which is nestled in the West Nusa Tenggara province, but was ostensibly thrilled and amazed to visit this exotic place as part of the FAMTRIP organized by the Indonesia embassy in Islamabad in collaboration with the Indonesian Tourism and Creative Economy Ministry. The island that is located close to iconic tourist destination Bali, Lombok is known for its stunning landscapes, beautiful beaches, and vibrant culture. The Island population comprises 85 percent ofRead More
Fazl urges govt to further expand ties with China
–Says Western world created third force to stop CPEC PESHAWAR, JUN 13 (DNA) — Pakistan Democratic Movement (PDM) President and chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman on Tuesday urged the government to further expand relations with China. Addressing an event “Pakistan-China Friendship” organized by PDM at Peshawar, Fazl said there was a dire need to take China into confidence, so that China can invest in the country. He admitted that China had invested in the country and built an international standard airport in Gwadar. Giving his views regardingRead More
RCCI at Senate Committee recommends tax holiday to all new SMEs
Minimum turnover tax of 1 % to be extended to all companies instead of publicly listed companies: RCCI RAWALPINDI, JUN 13 /DNA/ – Rawalpindi Chamber of Commerce and Industry (RCCI) has recommended that the 5 year tax holiday announced in the budget should be extended to all new Small and Medium Enterprises (SMEs )instead of just agro SMEs. The minimum turnover tax of one percent should be extended to all the companies instead of just publicly listed companies. The recommendations were made by the acting President RCCI Muhammad Hamza SaroshRead More
Music festivals energize China’s tourism industry
By Cao Ruitong A new form of tourism with music festivals at its core is now in vogue among young Chinese. Music festivals are becoming signatures of more and more Chinese cities, as many of them have been brought from first-tier cities to lower-tier ones, and even remote regions. During this year’s May Day holiday, which lasted five days from the start of May, Xiao Ye, 26, went to the Midou Music Festival held in Nanjing, east China’s Jiangsu province, together with his friends. The man has attended music festivalsRead More
FO, SIDA key stakeholders in agreement with World Bank
– SWAT a major economic change and development prosperity in agri sector for Pakistan: Francois Nazir H Siyal KARACHI/HYDERABAD: World Bank Task Team leader Francois Onimus has expressed that World Bank SWAT pilot project for modernization of canals not a traditional, but to understand it as future prosperity and major economic change and development in agri sector for Pakistan. He was speaking to the irrigation officials of Sindh- Punjab and local communities of the area, particularly the Farmers Organization (FO) here at Jarki distributory in Badin district. Mr. Francois OnimusRead More