Monday, May 6th, 2024
IT, Agriculture sectors identified as key investment prospects in Pakistan
ISLAMABAD, MAY 6 /DNA/ – A delegation of International Investors called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb to delve into the economic dynamics and investment prospects of Pakistan at Finance Division, today. The meeting, organized by Standard Chartered Bank, was attended by Chief IR Ops. FBR Mr. Ijaz Hussain, Special Secretary Finance and other senior officers from Finance Division. Senior officials from the bank were also present in the meeting. The Finance Minister welcomed the delegation and assured that the present government has taken all pragmaticRead More
Pakistan’s progress on tobacco taxation still falls short of WHO guidelines
DNA Islamabad – Pakistan has made significant progress in raising tobacco taxes but the country still falls short in fully implementing World Health Organization (WHO) recommendations aimed at both saving lives and curbing tobacco use. The WHO recommends that the tobacco excise taxes should be at least 70 percent of the retail price. According to details, there is a two-tiered system of Federal Excise Duty (FED) on cigarettes. Following the increases during 2022-23, current FED share in retail prices stands at 48 percent and 68 percent respectively for low andRead More
Italian Ambassador, PM Shehbaz discuss strengthening bilateral relations
ISLAMABAD, MAY 6 /DNA/ – This afternoon, the Ambassador of Italy, Marilina Armellin paid a courtesy call on Prime Minister Muhammad Shehbaz Sharif at the Prime Minister’s House. Welcoming the Ambassador, the Prime Minister stated that Pakistan deeply valued its multifaceted relations with Italy spanning over many decades, which had always been marked by goodwill and trust. He added that the two sides also shared similar views on a number of important regional and global issues. Thanking the Italian leadership for the congratulatory message that he received on his re-election,Read More
UNESCO Proclaims May 5th as World Day of Portuguese Language and Lusophone Cultures
In 2009, fifteen years ago, the date of 5th of May was officially established by the CPLP – the Community of Portuguese Speaking Countries – as the World Day of the Portuguese Language. Ten years later, in 2019, the 40th session of UNESCO General Conference decided to proclaim this day as the World Day of the Portuguese Language and Lusophone Cultures. Speakers of Portuguese are called “Lusophones” (lusófonos). A neo-Latin language, the Portuguese is one of the most globally diffused languages in modern world. It is native to more thanRead More
IRSA releases 141,800 cusecs water
ISLAMABAD, MAY 06 (DNA) — Indus River System Authority (IRSA) on Monday released 141,800 cusecs water from various rim stations with inflow of 179,700 cusecs. According to the data released by IRSA, water level in River Indus at Tarbela Dam was 1465.79 feet and was 51.79 feet higher than its dead level of 1,398 feet. Water inflow and outflow in the dam was recorded as 34,400 cusecs and 20,000 cusecs respectively. The water level in River Jhelum at Mangla Dam was 1166.00 feet, which was 116.00 feet higher than its dead levelRead More
Iran hails Pakistan’s political determination to complete gas pipeline project
KARACHI: Iran has hailed Pakistan’s political determination to complete the gas pipeline project between the two countries, which has been facing delays. Iran’s Consul General to Pakistan Hassan Nourian on Monday said that Tehran and Islamabad “are looking at ways to complete the project but international pressure is causing delays”. The comments came during a “Meet the Press” session at the Karachi Press Club, where the Iranian official interacted with journalists. He said that the Iran-Pakistan gas pipeline “project holds great importance”. “We see political determination from Pakistan to completeRead More