1st Dy Minister of Defence of Azerbaijan calls on COAS

First Deputy Minister of Defence of Azerbaijan Colonel General Karim Valiyev called on Army Chief General Syed Asim Munir in Rawalpindi on Tuesday.During the meeting, matters related to defence and security cooperation between the two brotherly countr…

First Deputy Minister of Defence of Azerbaijan Colonel General Karim Valiyev called on Army Chief General Syed Asim Munir in Rawalpindi on Tuesday.

During the meeting, matters related to defence and security cooperation between the two brotherly countries were discussed with emphasis on enhancing mutual cooperation in military and professional matters.

Source: Radio Pakistan

Cabinet Approves Pak-Saudi MoU to Promote IT Collaboration

The Federal Cabinet has granted its approval for the signing of a Memorandum of Understanding (MoU) between Pakistan and Saudi Arabia to promote information technology and drive digital transformation.The Ministry of Information Technology and Telecom…

The Federal Cabinet has granted its approval for the signing of a Memorandum of Understanding (MoU) between Pakistan and Saudi Arabia to promote information technology and drive digital transformation.

The Ministry of Information Technology and Telecommunication in Pakistan, in collaboration with the state agency responsible for foreign cooperation in the ICT sector in Saudi Arabia, is set to establish a strategic partnership that will foster innovation, advance digital infrastructure, and boost the digital economies of both nations.

According to the Ministry of Information Technology and Telecommunication, the primary objective of the MoU is to enhance bilateral cooperation in the field of information and communication technology (ICT).

Through this partnership, Pakistan and Saudi Arabia seek to accelerate the pace of digital transformation, empower digital innovation, and lay the foundation for robust digital infrastructure based on principles of equity and mutual benefit.

The collaboration will encompass various areas of mutual interest, including the digital economy, connectivity, ICT capacity building, academia, startup ecosystem, venture capital, e-governance, and emerging technologies such as Artificial Intelligence, Internet of Things, Robotics, cloud computing, gaming, and blockchain.

To bring this initiative to fruition, all necessary formalities outlined in the rules of Business 1973 have been duly completed. The terms of the MoU were carefully negotiated and mutually agreed upon by the respective ministries, receiving the stamp of approval from the relevant authorities in Saudi Arabia.

Additionally, the Ministry of Foreign Affairs has issued a “No Objection Certificate” to facilitate the signing of the MoU.

While the Ministry of Law & Justice proposed a few changes to the draft, the Ministry of Information Technology and Telecommunication considered them to be minor in nature, ultimately opting to proceed with the original draft approved by Saudi authorities.

It is pertinent to mention that this landmark initiative between Pakistan and Saudi Arabia in the realm of information technology is poised to open up new horizons for technological advancements, knowledge sharing, and innovation.

By pooling their strengths and expertise, the two nations aim to create a conducive environment for the growth of the digital ecosystem, paving the way for enhanced economic opportunities and sustainable development.

The MoU will act as a catalyst for harnessing the potential of emerging technologies, facilitating the exchange of ideas, and nurturing a vibrant digital landscape in both countries.

As the world witnesses an era of rapid digital transformation, this strategic partnership between Pakistan and Saudi Arabia holds immense promise for unlocking the vast potential of information technology and driving inclusive growth in the digital age.

Source: Pro Pakistani

Govt Sets FBR Tax Collection Target of Rs. 9.2 Trillion in FY2023-24

The government has estimated set tax projections of Rs. 9.2 trillion for the Federal Board of Revenue (FBR) for the next fiscal year (2023-24).The FBR has to collect Rs. 2.58 trillion in federal taxes during the last quarter (April-June) to meet the a…

The government has estimated set tax projections of Rs. 9.2 trillion for the Federal Board of Revenue (FBR) for the next fiscal year (2023-24).

The FBR has to collect Rs. 2.58 trillion in federal taxes during the last quarter (April-June) to meet the assigned annual tax collection target of Rs. 7.64 trillion by the end of 2022-23.

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting on budgetary proposals presented by FBR, at Finance Division, on Monday.

Minister for States for Finance and Revenue Dr. Ayesha Ghous Pasha, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Chairman RRMC Ashfaq Yousuf Tola, Secretary Finance, Chairman FBR, and other senior officers from Finance Division and FBR attended the meeting.

Chairman FBR Asim Ahmad gave a detailed presentation on budgetary proposals for the Federal Budget 2023-24 which were discussed in detail.

Finance Minister Senator Mohammad Ishaq Dar reiterated the resolve of the Government to provide a business and people-friendly budget. He added that the government is committed to ensuring that the new budget brings economic prosperity to all sectors of the economy and ensures the distribution of resources equitably among various sectors

Source: Pro Pakistani

Smaller Petrol Companies Complain to OGRA About Unfair Treatment

More than a dozen smaller oil marketing companies (OMCs) claim to have suffered massive losses as a result of extortionate petroleum pricing and marketing conditions and have blasted the Oil and Gas Regulatory Authority (OGRA) for its failure to maint…

More than a dozen smaller oil marketing companies (OMCs) claim to have suffered massive losses as a result of extortionate petroleum pricing and marketing conditions and have blasted the Oil and Gas Regulatory Authority (OGRA) for its failure to maintain order.

The Oil Marketing Association of Pakistan (OMAP) said in a letter, “The entire industry, barring state-run Pakistan State Oil (PSO), is facing an existential crisis and this is mainly driven by lack of coherent policy by OGRA”.

It said OGRA had frequently failed to settle foreign exchange losses adjustment, negative inland goods equalization margin, pricing, oil companies’ margin revision, and other related issues.

OMAP also objected to unfair and unjustified working conditions and the distribution of foreign exchange losses to OMCs. It accused the OGRA chairman of clear bias towards the big players, which is not only unfair but also contradicts the very purpose of the regulator.

The OMCs claim that roughly Rs. 25 billion in overall losses due to a lack of coverage of foreign exchange adjustment in pricing and claimed that larger players, particularly those in the public sector, were given preferential treatment.

OMAP says the regulator’s failure to address issues was causing significant distress to small OMCs that are struggling to compete with the market’s established players. “The record is evident that OMAP is repeatedly knocking doors of OGRA and petroleum ministry to adopt an efficient mechanism for FX (foreign exchange) losses disbursement to ensure that each penny of national money goes to the true and eligible entities…,” the association noted.

OGRA responded that such accusations were false. It stated that the regulator, along with the federal government, was adhering to the approved policy guidelines by which PSO’s import cost was actualized upon the retirement of letters of credit, and the differential is loaded in subsequent prices by the federal government with a view to passing on the actual cost to oil marketing companies and general consumers in Pakistan.

According to the regulator, prices are set by the federal government every two weeks and announced by the finance ministry in conjunction with the petroleum ministry and OGRA, so any change in policy is the sole domain of the federal government.

Source: Pro Pakistani

PIA Airplane Grounded Due to Technical Problem

A technical issue caused a Pakistan International Airlines (PIA) plane to be grounded at Quetta airport on Monday. The problem arose as Flight PK-326 was preparing to depart for Islamabad at 1:00 pm. Due to strong winds, and hot brakes in the cockpit,…

A technical issue caused a Pakistan International Airlines (PIA) plane to be grounded at Quetta airport on Monday. The problem arose as Flight PK-326 was preparing to depart for Islamabad at 1:00 pm. Due to strong winds, and hot brakes in the cockpit, the pilot decided to cancel the takeoff and informed traffic control.

The Airbus A320 was then safely moved to the parking lot for inspection by engineers. The airport authorities stated that the aircraft’s departure was delayed because clearance from the Civil Aviation Authority (CAA) was required for the next flight.

Airport Manager Malik Mazhar Awan revealed that all passengers were safely offloaded and sent home. He also mentioned that certain parts of the aircraft needed to be repaired and were expected to arrive on Tuesday.

The PIA plane is expected to resume its flight to Islamabad on Tuesday afternoon, allowing passengers to continue their journey.

Source: Pro Pakistani

OGDC Updates Request for Additional Exploration Area in Attock

The Oil & Gas Development Company Limited (PSX: OGDC) has corrected its request for a grant of the additional area under its Soghri Exploration License to 15.88 sq. km instead of 15.55 sq. km, the company informed the Pakistan Stock Exchange on Monday…

The Oil & Gas Development Company Limited (PSX: OGDC) has corrected its request for a grant of the additional area under its Soghri Exploration License to 15.88 sq. km instead of 15.55 sq. km, the company informed the Pakistan Stock Exchange on Monday.

Last Friday, the Directorate General of Petroleum Concessions approved the initial request after receiving formal approvals from the government.

The earlier filing in reference to Monday’s update informed that Exploratory rights over the Soghri EL block located in district Attock, Punjab, were granted with 100 percent working interest ownership to OGDC with effect from May 31, 2006.

In order to expand the exploration activities in the vicinity of the Soghri Block, the company requested the federal government to grant an additional area measuring 15.55 sq km in the exploration license on January 11, 2022. The same request has now been updated to 15.85 sq. km.

The impact of the exploration activities to be undertaken in the Block cannot be determined at this stage, the filing added.

Source: Pro Pakistani

Arshad Nadeem Maintains 5th Place in World Athletics Javelin Throw Rankings

World Athletics (WA) has released an updated ranking for the top five javelin throwers, with Arshad Nadeem maintaining the fifth position on the list.As per the latest rankings, Neeraj Chopra, a renowned Indian javelin thrower, who rose to world numbe…

World Athletics (WA) has released an updated ranking for the top five javelin throwers, with Arshad Nadeem maintaining the fifth position on the list.

As per the latest rankings, Neeraj Chopra, a renowned Indian javelin thrower, who rose to world number two on August 30, 2022, has now claimed the top spot with 1,455 points.

Neeraj Chopra surpassed Anderson Peters of Grenada by 22 points, while Jakub Vadlejch from the Czech Republic holds the third spot with 1,416 points.

German thrower Julian Webber moved to fourth place with 1,385 points, while Arshad Nadeem is ranked fifth globally with 1,306 points.

Recently, the star javelin thrower expressed optimism about his fitness as he prepares for the Asian Championship in Pattaya and the World Championship in Budapest.

After undergoing elbow surgery, Nadeem has been rehabilitating and engaging in light training at the PSB Coaching Centre. He recently resumed throwing the javelin.

Despite struggling with a knee injury sustained during an international event in Iran early last year, Nadeem managed to achieve his personal best throw of 86.38m at that time.

Last year, Nadeem made history by becoming the first athlete from South Asia to cross the 90-meter barrier in the javelin throw, winning a gold medal at the Commonwealth Games in Birmingham.

Here are the updated rankings:

Rank Name Country Points

1 Neeraj Chopra India 1,455

2 Anderson Peters Grenada 1,433

3 Jakub Vadlejch Czech Republic 1,416

4 Julian Webber Germany 1,385

5 Arshad Nadeem Pakistan 1,306

Source: Pro Pakistani

GCU Lahore to Get a New Department Soon

Government College University (GCU), Lahore, has made a significant stride in higher education by introducing the country’s first-ever Department of Global Studies.This pioneering department, housed within the Institute of History, will offer comprehe…

Government College University (GCU), Lahore, has made a significant stride in higher education by introducing the country’s first-ever Department of Global Studies.

This pioneering department, housed within the Institute of History, will offer comprehensive degree programs at the BS, MPhil, and PhD levels.

The Department of Global Studies has set forth an ambitious mission to equip students with the knowledge, skills, and global outlook required to navigate the complexities of our rapidly evolving world.

Its interdisciplinary curriculum will delve into the intricate interplay of culture, history, politics, economics, technology, and the environment on a global scale.

By embracing a multidisciplinary approach, the department aims to foster critical thinking, promote cross-cultural understanding, and hone effective communication skills among its students.

Moreover, the Department of Global Studies is committed to fostering research collaborations with esteemed international partners and institutions.

These strategic alliances will enable the department to tackle pressing global challenges and contribute to the ever-growing body of knowledge in this field.

By actively engaging in research endeavors, GCU seeks to make meaningful contributions to the global discourse and promote a deeper understanding of the intricate relationships that exist between different regions of the world.

The establishment of the Department of Global Studies at GCU marks a significant milestone in Pakistan’s academic landscape.

It reflects the university’s commitment to preparing future leaders, scholars, and global citizens who possess a comprehensive understanding of our interconnected world.

Through its dynamic curriculum, research initiatives, and international collaborations, GCU’s Department of Global Studies aims to shape the minds of students, foster intellectual curiosity, and contribute to a more enlightened and interconnected global society.

Source: Pro Pakistani