BoIT for failing to attract foreign investors

peSHAWAr aziz BuneRi

Khyber Pakhtunkhwa caretaker minister of Industry Adnan Adeel said that KP Board of Investment has failed to attract foreign investment.

Addressing a news conference at Peshawar Press Club, he said our industry policy is not friendly, the government should make a comprehensive policy at the provincial level to revive all close industrial units and attract foreign investment. The minister said despite spending one billion rupees on Dubai Expo, KP Board of Investment has not been able to bring a single rupee of investment and industries in KP could not be developed according to the plan. he further said that the caretaker government has come for a short period of time, but it will make policies that will reduce the difficulties faced by the industries of the province. According to Adnan Adeel, despite the passage of many days, the Department of Industry has not yet briefed the interim government and has not informed it about the problems faced by the industries.

Adeel further said that KP Finance Department will collect nine billion rupees in tax in the next financial year. At present, the industries in KP are connected with more than thirty departments at the provincial and federal levels due to which the industrialists are facing severe difficulties. “We will try to adopt a sample policy for the industrialists,” he said.

According to the provincial minister, at present the country is stuck in the mire of extreme financial crisis. he said that the constant devaluation of rupee, closure of lCs and the increase in the inflation rate across the country has also put the traders in a very difficulties situation. he said that the provincial government is raising the issue with the federal government. he urged that need for a comprehensive policy to revive the industries of the province.

FBR puts hold on implementation of IRS Common Pool Fund rules

ContInueD froM BACk pAge

Apart from this, at least four BS-17 and above IRS officer of FBR headquarter shall paid upto Rs 3000,000 for essential items/equipment (one time), Rs 300,000 monthly rent, Rs 150,000 per month utility bills and upto Rs150,000 monthly salaries of privately hired staff to provide a decent living to officers of IRS.

All officers of BS-17, 18 shall be paid Rs 15,000 and grade BS-19 Rs10,000 per month fuel subsidy. Similarly, one dependent child of an IRS official upto BS-07 shall also get Rs25,000 till higher secondary school, Rs30,000 till graduation and Rs50,000 till post graduation per annual scholarship.

Meanwhile, officials from grade 1 to 22, who embrace “Shahadat”, during service also get financial assistance ranging from Rs1.5 million to Rs7.5 million.

LAHore pR university of Management and Technology (uMT) organized special talk on Pak-Türkiye Relationship where Acting President uMT lt Gen Javed hasan (Retd) and Rector uMT Dr. Asif Raza warmly welcomed the Turkish Ambassador to Pakistan his Excellency Dr Mehmet Paçacı. DG uMT Professor Abid Shirwani, Dr Mujahid Kamran, members of Turkish consulate, senior management of uMT, a large number of faculty and students were also present. Flag hoisting was also conducted. Rector uMT Dr. Asif Raza in his welcome note expressed that it is both a pleasure and a privilege to welcome h.E. Dr. Mehmet Paçacı and the consulate members at uMT. he said that there is a strong, special and unique relationship between Pakistan and Türkiye which is based on the spirit of brotherhood, common history and mutual goals. Speaking to the audience he said that the faculty and students of uMT have benefited from the Turkish educational system and vice versa.

SC returns another petition filed against caretaker CM Punjab

ISLAMABAD

Staff RepoRt

The Supreme Court of Pakistan has returned another petition filed against the appointment of Punjab Caretaker Chief Minister Syed Mohsin Raza Naqvi. The apex court’s Registrar Office returned the petition on Saturday after raising objections declaring that the language used in it was ambiguous and misleading. The plea taken in the application was also misleading, the Registrar Office added. It also stated that the applicant also did not identify “the issue of public importance” in his petition. The applicant also did not move the relevant court, the Office added.