Mobilink Microfinance Bank

The chair after deliberation approved the summary and directed to revise the premium on fortnightly basis. Therefore, its impact would increase or decrease depending on the international energy market. With the management of financial information underpinning all business activities, there are more employment and career opportunities in accounting and finance than many other areas of study.

Editorial: Pakistan's Economy Is In Deep Trouble Can The New Govt Revive It?

The Finance Minister underlined that the housing sector has been the priority sector of the Government and the Present Government is determined to provide houses to the low and middle income groups at affordable prices. The Federal Minister further directed the relevant authorities to address and resolve the operational ambiguities on priority basis. A thorough presentation was given to the Finance Minister on the progress of Kamyab Pakistan Program. It was informed that Kamyab Pakistan Programme is going successfully and applications for the award of loans are being received through SMS. It was apprised to the meeting that loans of more than Rs. 2.5 billion have been disbursed. Small loans for business, farmers and construction of houses are included under the program.

Effective policies and initiatives are required to address disruption due to digital innovation, rising protectionism, widening gap between the rich and the poor, and many more similar poignant matters. In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP. TFCL is a new entity set up primarily to cater to the financial needs of middle and low-cost private schools and is the first of its kind in the whole of Pakistan with a focus on improvement in the quality of education. Copy of Export Contract / LC, application for finance by exporter, demand promissory note and undertaking .

The project sponsored by Government of Punjab envisages construction of 535 km of dual carriageway highway sections between various cities in the Punjab province. The NPMC was also briefed on the comparison of daily commodities’ prices in Pakistan with regional countries India, Bangladesh and Sri Lanka. It was witnessed that prices of daily commodities in Pakistan are the lowest in the region.

The Chair further directed provincial authorities to take measures to reduce the wholesale and retail price gap. Mr. Tariq H. Niazi, Public Management, Financial Sector and Trade Division, ADB, briefed the meeting on the progress of various on-going projects being carried out in Pakistan and also informed on future projects. He apprised that ADB is pursuing capital market development program, domestic resource mobilization program, social protection development program and Public Private Partnership Support Program.

The ECC approved a summary tabled by Ministry of Information Technology & Telecommunication for the constitution of Advisory Committee headed by the Finance Minister for the release of IMT/5G spectrum. Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a meeting with H.E Mr. Wouter Plomp, Ambassador of the Kingdom of Netherlands accompanied by Mr. Hein Schumacher, Global CEO, Royal Frieslandcampina of Netherlands at Finance Division, today. The ECC also considered and approved Technical Supplementary Grants submitted by different Ministries/Divisions.

The chair expressed concerns on higher prices of Wheat flour in Quetta and directed Baluchistan Government to take concrete measures for bringing stability in the Wheat flour prices by increasing its stock position and daily releases to the flour mills. Further, the Chair directed Ministry of Industries and Production to expedite the process for building strategic reserves of sugar in the country to maintain stability in prices in future. NPMC was updated on the prices of wheat flour and was informed that there is decline in the Wheat flour prices in the country and sufficient stocks are available. The Secretary NFS&R gave a presentation on the existing available stocks and eventual demand of Wheat. The Chair directed Ministry of NFS&R to work out a plan for future requirement of Wheat considering actual data on production and consumption of Wheat in the country.

Islamic Long Term Financing Facility For Plant And Machinery

The performance of Pak-Libya Holding Company was also discussed during the meeting and the Finance Minister commended the development of the company. Further, it was stressed that Pak-Libya Chamber of Commerce be formed to enhance business relations between both the countries. The ECC after detailed discussion allowed Ministry of Industries and Production to build strategic reserves of sugar to avoid price variation/hike in prices in future. According Federal Government will purchase 0.30 million metric ton sugar and Provincial governments of Punjab and Sindh will purchase 0.20 million metric tons of sugar for strategic reserves from sugar mills in current crop year when the prices are lower in the local market. Governor SBP shared about the citizen feedback mechanism being placed for providing information to public and addressal of complaints. He also apprised about the pertinent concerns of the banks related to low cost housing loans.

Finance Minister Mr. Shaukat Tarin said that the Government is fully committed to address the issues of Pharmaceutical industry and provide maximum support to them. The Finance Minister further directed Chairman FBR to take possible steps for the settlement of the issues of pharmaceutical industry related to Sales Tax on APIs in coordination with the representatives of the Pharma Industry. Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a meeting with a delegation of Pakistan Stockbrokers Association led by its Vice Chairman Mr. Zahid Latif Khan at Finance Division, today. Federal Minister for Industries & Production Makhdoom Khusro Bakhtiar, Secretary Industries & Production, Chairman FBR and other senior officials attended the meeting.

He maintained that government of Pakistan is committed to introduce reforms in various sectors for tackling longstanding structural issues with a special focus on sustainable and inclusive growth. The Finance Minister apprised that the loans for agriculture, production and business development are being disbursed. Is moving away from trickle-down approach and is focusing on bottom-up approach for a more inclusive, equitable and sustainable development. It was further informed that issues such as fragmented Industries, undue profits by middleman, direct access of producers to markets, and access to capital and financial intermediation are on priority for the government and any assistance of the UNDP in these areas will be welcomed. On the prices of edible oil in the country, Secretary Ministry of I & P informed the meeting on available stocks of edible oil and strategy to bring in stability in its prices. The Chair expressed concerns on the rise in the prices of edible oil and directed Ministry of I&P to expedite the action against the edible oil manufacturers to address the issue of charging higher prices from domestic consumers relative to prices in the international market.