Pemra chief assures ICCI of help with launch of Radio, T V channels

ISLAMABAD s ta f f r E p o r t

Pakistan Electronic Media regulatory Authority

(Pemra) Chairman Muhammad Saleem Baig on Saturday assured the ICCI of all-out cooperate for the launch of launch of an ICCI radio and TV channel saying the start of the radio and tv channel would benefit the business community and the economy

Pemra Chairman Muhammad Saleem Baig was talking with members of a delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Ahsan Zafar Bakhtawari The delegation visited the Pemra office wherein the ICCI president discussed with the host his plan regarding launch of an ICCI radio and TV channel Wakil Khan Director General Licensing Pemra was also present on the occasion

Addressing the delegation the chairman Pemra appreciated the plan of ICCI to start its own radio and TV channel and assured that he would issue their license on priority basis after fulfilling the documentary requirements

He said that the ICCI should coordinate with foreign universities for providing quality business education to students to meet the needs of business and industry On the occasion the ICCI briefed the Pemra chairman about the aims and objectives of radio and TV channels He said that these channels would educate the young generation about the importance of exports promotion which the country desperately needs at this time

He said these channels would promote business role models for youth to motivate them to launch business start ups and create jobs for others

He said that Pakistan s business and economic potential will be highlighted to attract local and foreign investment to Pakistan

Dr Mehmet Pacaci thanked the Finance Minister for support and cooperation

Earlier, Finance Minister Ishaq Dar chaired a meeting on Hajj Policy-2023 which was attended by Mufti Abdul Shakoor Minister for Religious Affairs and Interfaith Harmony SAPM on Finance Tariq Bajwa Special Secretary of Finance and senior officers from Finance and Religious Affairs ministries were among the attendees On the occasion the minister vowed to extend maximum support and cooperation to facilitate the hajj pilgrims in fulfilling their religious obligation

The meeting was apprised of the Hajj-2023 policy

It was informed that more than 179,000 Pakistanis were expected to perform Hajj this year

Religious Affairs minister informed the finance minister about certain issues related to foreign exchange and sought his support

“Hajj is a sacred religious obligation to be performed by every Muslim and we have to contribute our part for the blessings of Almighty Allah said Dar T h e m i n i s t e r c o m m i t t e d t o e x t e n d i n g m a x i m u m s u p p o r t a n d c o o p e r a t i o n i n f a c i l i t a t i n g t h e H a j j i s t o m a k e t h e r e l i g i o u s e v e n t s u c c e s s f u l M i n i s t e r f o r R e l i g i o u s A ff a i r s t h a n k e d t h e f i n a n c e m i n i s t e r f o r cooperation and support

state Bank receives $500m loan from chinese bank

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The available reserves barely provided import cover for less than a month, while it required almost $11 billion to finance the current account deficit and repay foreign debt (including the one expected to be rolled over) in the last four months (March-June) of the current fiscal year 2023 according to Moody’s State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Thursday the forthcoming foreign debt repayments amounted to $2 9 billion only in the last four months of FY23 while the rest of the due repayment amounting to $4 3 billion would get rolled over in the ongoing fiscal year Ismail

Iqbal Securities Head of Research Fahad Rauf said Pakistan might attract foreign investment in rupeedenominated sovereign debt securities like T-bills and Pakistan Investment Bonds (PIBs) after the central bank hiked its policy rate by 300 basis points to historical high at 20% and the rupee hit an all-time low on Thursday “The inflows of hot money would help in building up foreign exchange reserves and extend support to the rupee against the greenback in the near future ” Rauf added

miftah still skeptical about restoration of pakistan’s economy

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He asserted that the Pakistan Tehreek-i-Insaf (PTI) government went against the agreement it made with the International Monetary Fund (IMF) putting the country in jeopardy The IMF agreement was broken by selling petrol and diesel at cheaper rates he said reiterating that he went to jail because of former prime minister and PTI Chairman Imran Khan He further said that external debt aside Pakistan is now also stuck in the clutches of local debt The children of government schools are failing in science and mathematics, he lamented, adding that no policy could be developed successfully without education We have no intention to form a party, we are in the government and know that nothing will happen without changing the system,” he added

Qau to reopen in 2 to 4 weeks: admin reiterates conducive environment to students

ISLAMABAD s ta f f r E p o r t

Describing the recent quarrel between two groups students at the country s top ranked Quaid-i-Azam University (QAU) Islamabad as unfortunate, the administration on Saturday stated that recent events have highlighted the need for a comprehensive policy for campus security and hostels to ensure the safety of students In a press statement issued on Saturday, the administration stated that the QAU was closed on February 27, due to a clash among a “small minority of aggressive and violent” students “In order to prevent any further harm the university was closed and all students were asked to evacuate their hostels within 24 hours As a precautionary measure the female students hostels were cleared on February 28 during the daytime while the boys hostels were not vacated Dozens of students resisted this notification leading to several warnings from the administration to maintain law and order on the campus The involvement of outsiders in these unlawful incidents led to gross indiscipline on campus , stated the administration The administration has decided to devise a plan to address all issues, committees of senior faculty members have been formed to address the multifaceted matters disrupting academic activities from all angles