Pakistan’s forex reserves rise 12 mln USD

The State Bank of Pakistan (SBP) said on Thursday night that its foreign exchange reserves have increased by 12 million U.S. dollars.During the week ending on Aug. 11, its total foreign exchange reserves moved to around 8.1 billion dollars, the SBP s…

The State Bank of Pakistan (SBP) said on Thursday night that its foreign exchange reserves have increased by 12 million U.S. dollars.

During the week ending on Aug. 11, its total foreign exchange reserves moved to around 8.1 billion dollars, the SBP said in a statement.

Net foreign reserves held by commercial banks came at 5.3 billion dollars, the central bank said.

Total liquid foreign reserves held by the South Asian country stood at about 13.4 billion dollars, according to the SBP.

Source: Xinhua Finance Agency

Chairman Central Ruet-e-Hilal Committee condemns Jaranwala incident

Chairman Central Ruet-e-Hilal Committee Maulana Abdul Khabir Azad has strongly condemned the Jaranwala incident.Addressing a news conference along with leaders from other faiths in Lahore on Friday, he said the elements involved in the incident should…

Chairman Central Ruet-e-Hilal Committee Maulana Abdul Khabir Azad has strongly condemned the Jaranwala incident.

Addressing a news conference along with leaders from other faiths in Lahore on Friday, he said the elements involved in the incident should be punished at any cost.

The Chairman said our religion teaches peace, religious harmony and it is the responsibility of the state to ensure the protection of rights of every citizen.

He said the nation will not allow the conspiracies of hostile elements to succeed in Pakistan.

Source: Radio Pakistan

Khalil George urges residents of Jaranwala to remain peaceful

Caretaker Federal Minister for Human Rights Khalil George has urged the people of Jaranwala to remain peaceful.Talking to media in Jaranwala on Friday, he expressed concern over incidents of burning of churches and houses.He said that as per Pakistani…

Caretaker Federal Minister for Human Rights Khalil George has urged the people of Jaranwala to remain peaceful.

Talking to media in Jaranwala on Friday, he expressed concern over incidents of burning of churches and houses.

He said that as per Pakistani constitution and law, freedom of speech is right of everyone irrespective of religion or belief.

He said that a detailed probe into the matter is underway and no one will be allowed to destroy the peace of the land.

The Federal Minister said that violating the sanctity of the holy places in unacceptable.

He asked the Faisalabad district administration to provide security to Christian community and their worship places.

Source: Radio Pakistan

Mohsin Naqvi assures Christian community of govt’s full support

Caretaker Punjab Chief Minister Mohsin Naqvi has assured the Christian community of government’s complete support and security.He stated this during meeting with a delegation of Christian community which called on him in Lahore on Friday.He said every…

Caretaker Punjab Chief Minister Mohsin Naqvi has assured the Christian community of government’s complete support and security.

He stated this during meeting with a delegation of Christian community which called on him in Lahore on Friday.

He said every effort is being made to restore the churches in their original condition as soon as possible.

Mohsin Naqvi said those responsible for the tragedy will not be able to escape from the law.

He said according to the government's instructions the rights of minorities were discussed in Friday sermons across the province.

Source: Radio Pakistan

Ali Mardan Khan Domki sworn in as Caretaker Balochistan CM

Ali Mardan Khan Domki took oath as caretaker Chief Minister of Balochistan in Quetta on Friday.Governor Balochistan Malik Abdul Wali Kakar administered oath to him.Source: Radio Pakistan

Ali Mardan Khan Domki took oath as caretaker Chief Minister of Balochistan in Quetta on Friday.

Governor Balochistan Malik Abdul Wali Kakar administered oath to him.

Source: Radio Pakistan

LDA Demolishes Illegal Buildings and Encroachments in Different Areas of Lahore

In a bid to uphold urban planning standards and combat unauthorized construction and illegal commercialization, the Lahore Development Authority (LDA) has escalated its efforts across vital areas of the city.Under the leadership of Commissioner and LD…

In a bid to uphold urban planning standards and combat unauthorized construction and illegal commercialization, the Lahore Development Authority (LDA) has escalated its efforts across vital areas of the city.

Under the leadership of Commissioner and LDA Director General (DG), Muhammad Ali Randhawa, a targeted operation has been launched, focusing on key zones including Ferozepur Road, controlled areas, Avenue One, and Jubilee Town.

LDA staff, guided by Additional DG Housing retired Capt Shahmeer Iqbal and Director Town Planning VII, Syed Ali Abbas, carried out a series of significant actions to rectify infractions against development guidelines. Structures with unauthorized alterations and encroachments were promptly demolished and sealed.

The crackdown extended to Kacha Jail Road, where encroachment issues were addressed through the demolition of a shutter. Similar decisive actions were taken near the Kacha Jail Road Flyover, including the removal of ongoing illegal constructions, such as an unauthorized basement.

Illegal commercial establishments near Hammonat Factory on Ferozepur Road were not spared, as their shutters were forcibly taken down.

Furthermore, unapproved constructions near the Pak Arab Society on Ferozepur Road were razed. The LDA’s Town Planning Zone V teams also participated in the operation, sealing over two dozen properties in Avenue One and Jubilee Town to eliminate unauthorized commercial structures.

Director Avenue-1 Rehan Athar and Director Town Planning Azher Ali were on site, ensuring the operation’s smooth execution.

While notices were issued multiple times to affected properties prior to the operation, the LDA remains steadfast in its mission to continue the crackdown against unauthorized commercial activities and constructions across the city.

Source: ProPakistani

Khurrum Ashfaque Appointed Telenor Pakistan CEO as Irfan Wahab Joins Telenor Asia

The Board of Directors of Telenor Pakistan has appointed Khurrum Ashfaque as Chief Executive Officer (CEO) of the company. He will succeed Irfan Wahab Khan, who will take a new role as Senior Vice President (SVP) in Telenor Asia.Irfan will continue as…

The Board of Directors of Telenor Pakistan has appointed Khurrum Ashfaque as Chief Executive Officer (CEO) of the company. He will succeed Irfan Wahab Khan, who will take a new role as Senior Vice President (SVP) in Telenor Asia.

Irfan will continue as Chair of the Board of Directors in Telenor Microfinance Bank (TMB). The appointment is effective from 15 September 2023.

Khurrum comes from the position of Chief Operating Officer (COO) of Telenor Pakistan. He has been with the company for 17 years and has played a key role in repositioning Telenor Pakistan as a strong and efficient company geared for the future.

“I am pleased to see Khurram stepping up and taking the CEO role. His understanding of the company and the Pakistani telecom market is unmatched, and I am confident that he will continue the company’s momentum and bring perspectives that drive operational excellence, empower the organization and deliver value to customers. I welcome Irfan to the Telenor Asia leadership team in Singapore and am pleased that Telenor will continue to gain from his vast leadership experience,” says Jørgen A. Rostrup, Head of Telenor Asia and Chair of the Board of Telenor Pakistan.

“It’s an honor to take on the role of CEO of Telenor Pakistan. Irfan leaves behind a legacy of innovation and growth, and I am committed to building upon that foundation. As we navigate the evolving telecommunications landscape, my focus will be on empowering our customers and driving digital transformation. Together with our dedicated team, I am confident that we will continue to deliver exceptional services and contribute to Pakistan’s digital future,” says Khurrum Ashfaque, appointed CEO of Telenor Pakistan.

Commenting on the transition, Irfan Wahab Khan shared, “It has been an incredible journey leading Telenor Pakistan, one marked by dedication, innovation, and the unwavering commitment of our exceptional team. As I move on from this role, I am filled with a profound sense of gratitude. Telenor Pakistan, its people, and the communities we serve will forever hold a special place in my heart. I wish Khurrum the best in his new role and am assured that under his leadership our teams will continue to empower the communities, drive positive change and impact lives. I am excited and looking forward to contribute to Telenor’s broader regional ambitions with my experiences and insights.”

In a heartfelt last email addressing the employees of Telenor Pakistan, Irfan Wahab said,

Source: ProPakistani

Interim Commerce Minister Aims to Take Pakistan’s Exports to $80 Billion

Interim Commerce Minister Gohar Ejaz aims to take the country’s exports to $80 billion, a substantial increase from the exports of around $28 billion registered in the outgoing fiscal year (FY23).After taking charge, the minister was provided a compre…

Interim Commerce Minister Gohar Ejaz aims to take the country’s exports to $80 billion, a substantial increase from the exports of around $28 billion registered in the outgoing fiscal year (FY23).

After taking charge, the minister was provided a comprehensive briefing on the crucial functions and responsibilities entrusted to the Commerce Division and Industries and Production. In the interim setup, Ejaz will head both the Ministry of Commerce and the Ministry of Industries and Production.

“His resolute determination is aimed at propelling domestic exports to an impressive 80 billion dollars, reflecting his commitment to fortifying the nation’s economic prowess,” said an official statement quoting the minister.

I am steadfast in my resolve to breathe new life into our commercial and industrial sectors, the minister added. The minister said that he aims to swiftly steer state enterprises towards profitability, demonstrating his adeptness at strategic decision-making in the pursuit of economic prosperity.

In a bid to foster innovation and industry growth, he revealed his plans to launch flagship projects within the Special Economic Zone, with a specific focus on the garments sector.

These initiatives will stimulate economic activity, create employment opportunities, and further solidify the country’s position on the global economic stage, said the interim minister.

During the briefing, the minister voiced concerns regarding subsidies granted to state-owned enterprises.

He emphasized his commitment to gradually phasing out these subsidies, a move that aligns with his overarching goal of streamlining operations, enhancing efficiency, and ensuring sustainable economic progress.

Source: ProPakistani