Daily Archives: October 6, 2018

2nd Chief of the Naval Staff All Pakistan Hockey Tournament 2018

Islamabad, October 06, 2018 (PPI-OT): 2nd Chief of the Naval Staff Hockey Tournament is continuing at National Hockey Stadium Lahore. Chief Guest of 1st Semi Final was Mr Shahbaz Ahmed Senior Hilal-e-Imtiaz while Chief Guest of 2nd Semi Final was Mr Muhammad Aamir Jan DG Punjab Sports Board. Two Semi Final matches were played on 6th day of the` tournament۔ 1st Semi-final was played between National Bank of Pakistan (NBP) and Sui Southern Gas Company (SSGC), in which National Bank of Pakistan won the match by 3-1. 2nd Semi Final was played Between WAPDA and Sui Northern Gas Pipelines Ltd (SNGPL), in which WAPDA won the match by 4-1.

For more information, contact:
Directorate of Public Relations,
Pakistan Navy
Naval Headquarters, Islamabad, Pakistan
Tel: +92-51-20062326
Cell: +92-300-8506486
Website: www.paknavy.gov.pk

PIA decides to induct two Aircraft in its fleet

Karachi, October 06, 2018 (PPI-OT): PIA has decided to induct two new aircraft in its fleet in first quarter of 2019. The A320 aircraft already under the evaluation phase will be acquired on dry lease strictly in accordance with PPRA Rules. The decision was taken in an executive meeting chaired by Chairman and CEO Mr. Muhammad Saqib Aziz. The meeting reviewed the performance of airline during last months. It was discussed in the meeting that due increasing demand in market, enhancement of fleet has become necessary as the present fleet is not sufficient to cater to the demand.

Mr. Saqib Aziz said that with the acquisition of two aircraft will certainly help PIA in expanding its network and passenger base as well. These aircraft will mainly be used on domestic and regional routes including Gulf and South East Asian Region, he said.

For more information, contact:
General Manager
Public Affairs
Pakistan International Airlines (PIA)
PIA Head Office Airport
Karachi
Tel: +92-21-99043823
Fax: +92-21-34572225, +92-21-34570419
Cell: +92-322-7420707
Website: www.piac.com.pk

Asian Development Bank Affirms Support for Pakistan’s Development Agenda

Islamabad, October 06, 2018 (PPI-OT): Asian Development Bank (ADB) Vice-President Mr. Wencai Zhang affirmed ADB’s support for the Government of Pakistan’s new development and reform agenda during his 2-day visit to the country from 4 to 5 October. Mr. Zhang met with Finance Minister Mr. Asad Umar, Planning and Development Minister Mr. Khusro Bakhtiar, Education Minister Mr. Shafqat Mehmood, Adviser to Prime Minister on Institutional Reforms Dr. Ishrat Hussain, as well as other government officials and development partners.

In his meetings, Mr. Zhang congratulated the new administration on assuming office and noted the government’s “100-day agenda” that prioritizes revitalizing economic growth, transforming governance, and revolutionizing social services. “ADB and Pakistan have a more than 50-year history of strong partnership,” said Mr. Zhang. “We are committed to deepening our cooperation with the new government and supporting its development agenda to bring prosperity to the people of Pakistan.”

Under the current country partnership strategy (CPS), 2015–2019, and the country operations business plan, 2018–2020, ADB is focused on ensuring high, sustained, and inclusive growth for Pakistan. ADB plans to significantly increase the country’s sovereign operations to $7.1 billion over 3 years. Along with its continued focus on energy, infrastructure development, and institutional reforms, ADB is also reengaging in education and health, and further strengthening social safety net through income support program.

Mr. Zhang noted the country’s economic growth momentum in recent years, driven by domestic demand and improvements in security, energy supply, and public infrastructure projects. However, the widening current account and fiscal deficits are key challenges to the economy. He stressed the importance of economic stability and structural reforms, and offered ADB’s support in job creation and exports, private sector development, and institution reforms.

Pakistan is an important member of the Central Asia Regional Economic Cooperation (CAREC) to which ADB is extending programmatic support to deepen regional economic integration. Ahead of the CAREC Ministerial Conference in Ashgabat, Turkmenistan in November, Mr. Zhang said ADB is willing to support Pakistan in developing economic corridors within the framework of CAREC and ADB’s Strategy 2030.

“ADB will help Pakistan upgrade its transport networks and trade facilitation with neighbouring countries and transform the physical connectivity gains into economic gains through the promotion and development of economic corridors and special economic zones,” he said. ADB has committed over $32 billion in project and technical assistance to Pakistan as of 30 September 2018.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members – 48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

For more information, contact:
Asian Development Bank (ADB)
Level 8, North Wing, Serena Office Complex
Khayaban-e-Suhrawardy, G-5
GPO Box 1863, Islamabad, Pakistan
Tel: +92-51-2600351-69, +92-51-2087300
Fax: +92-51-2600365-66, +92-51-2087397-98

Bike lifter held; 10 stolen bikes recovered

Islamabad, October 06, 2018 (PPI-OT): Islamabad Sihala Police has arrested motorcycle thieve and recovered 10 bikes from their possession. He said that Senior Superintendent of Police (Operations) Syed Mohammad Amin Bukhari directed all police officials to ensure arrest of those involved in bike lifting incidents and take strict measures to curb these activities. Following his directions, the high vigilance was started in the various areas and Sihala police got success in arresting a motorcycle thieve.

A team of Sihala police station headed by SHO Sihala police station Sub-Inspector Mirza Gulfraz, ASI Zulfqar Ali and other arrested accuse namely Iddress Khan s/o Qasim Khan resident of Dhoke Awan Islamabad involved in various cases of bike lifting in Sihala stations and also recovered a stolen bike RIL-572, RIR-4056, ARR-566, STL-2123, RIQ-1745, ACL-670, APF, ALM-819 and two other from him. Further investigation is underway from him. SSP Islamabad Syed Mohammad Amin Bukhari has appreciated this performance and directed further to ensure steps for protection to the lives and property of the citizens.

For more information, contact:
Islamabad Police
Data centre H-11, Admin Block,
Police Head Quarter, Islamabad, Pakistan
Tel: +92-51-9258371 Ext (160)
Fax: +92-51-4443180
Email: webmaster@islamabadpolice.gov.pk
Website: https://islamabadpolice.gov.pk

SECP holds workshop on insurance and takaful

Islamabad, October 06, 2018 (PPI-OT): In collaboration with the International Institute of Economics (IIIE), International Islamic University (IIUI) Islamabad, the SECP has conducted a workshop on insurance and takaful. The purpose of the workshop was to enhance financial literary, awareness and bridging the gap between academia and industry. The workshop included Shariah status and criticism of insurance and takaful, distinct models of takaful practiced around the globe, legal and regulatory framework of takaful, potential of takaful industry and way forward challenges faced by the takaful industry.

Mr. Syed Nayyar Hussain, director, Insurance SECP, Mr. Ali Qureshi, head of Actuarial Services Department, EFU Life Assurance, Mr. Tariq Saeed Chaudhry, area sales director, Pak Qatar Family Takaful Limited, Mufti Basheer Ahmed and senior faculty members of the university, addressed the workshop.

As per the spirit of MOU signed between SECP and IIUI, the event is the continuation of series of programs that are being organized recurrently to disseminate financial knowledge among students and teachers. The participants appreciated the efforts of the SECP and IIUI’s for bringing the academia and the insurance industry together.

For more information, contact:
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254
E-mail: shakil.chaudhary@secp.gov.pk
Website: www.secp.gov.pk

Prime Minister Imran Khan along with Chief Minister Balochistan Jam Kamal Khan and lead federal ministers visited Headquarters Southern Command at Quetta Cantt

Quetta, October 06, 2018 (PPI-OT): Prime Minister Imran Khan along with Chief Minister Balochistan Jam Kamal Khan and lead federal ministers visited Headquarters Southern Command at Quetta Cantt. General Qamar Javed Bajwa, Chief of Army Staff (COAS) received the PM at Quetta Air Base. A detailed briefing on security situation of the province, challenges and response was given. PM was also briefed about socio-economic development based Khushal Balochistan program, security of CPEC projects and progress of fencing along Pak-Afg border.

COAS said that having achieved stability in troubled areas of KP, lately our focus has been on Balochistan which is economic future of Pakistan. PM acknowledged and appreciated contributions of security forces towards improving peace, stability and socio-economic development of the province. PM said that through a comprehensive national effort, cooperation between federal and provincial governments and assistance of Army we shall realise the true potentials of Balochistan. He said that only a cohesive national effort shall In Shaa Allah take provinces and the country to the rightful destination of peace, progress and prosperity.

For more information, contact:
Inter Services Public Relations (ISPR)
Hilal Road, Rawalpindi, Pakistan
Tel: +92-51-9271605
Fax: +92-51-9271601
Email: ispr@ispr.gov.pk
Website: www.ispr.gov.pk