All Posts in "Politics"

Punjab Govt Implements Significant Pay and Pension Increases

The Punjab government has taken a bold step to enhance the financial well-being of its employees and pensioners by announcing substantial salary and pension increases. According to a notification issued by the Finance Department on Friday, these increments will take effect from July 1, 2024.

Employees in grades BS-1 to BS-16 will benefit from a 25% increase in their running basic pay. For those in grades BS-17 to BS-22, a 20% salary increase has been approved. This ad hoc relief is designed to mitigate the financial pressures on government workers and ensure they can better cope with rising living costs.

Additionally, the Finance Department has confirmed a 15% increase in net pensions for all civil pensioners in Punjab, starting from July 1, 2024. This increase aims to provide much-needed financial support to retirees who have contributed years of service to the province.

This provincial adjustment mirrors recent announcements by the federal Ministry of Finance, which declared similar increases for federal government employees. Federal employees in grades 1 to 16 will see a 25% salary hike, while those in grades 17 to 22 will receive a 20% increase, both effective from July 1, 2024.

Federal pensioners, including both civil and armed forces retirees, will also receive a 15% pension increase. This adjustment will apply to those retiring on or after July 1, 2024, ensuring comprehensive coverage for all federal pensioners.

The synchronized effort between the provincial and federal governments to increase salaries and pensions highlights a coordinated approach to addressing the financial needs of public sector employees and retirees. This initiative is expected to significantly improve the financial stability of thousands of families across Punjab and the country.

The announcement has been met with widespread approval among government employees and pensioners. Many have expressed relief, noting that the increases will help them manage the rising cost of living, including inflationary pressures on essential goods and services.

For the Punjab government, this increment is part of a broader strategy to improve the welfare of its employees. By offering competitive compensation, the government aims to attract and retain skilled professionals in the public sector, ensuring effective and efficient service delivery.

Furthermore, this salary and pension increase is likely to have a positive impact on the local economy. Higher disposable incomes for government employees and pensioners mean increased spending power, which can stimulate economic activity and growth in various sectors.

This move also aligns with the Punjab government’s commitment to social justice and equitable resource distribution. By ensuring that employees and retirees receive adequate financial support, the government is working towards reducing economic disparities and promoting inclusive growth.

The Punjab government’s decision to notify a significant increase in salaries and pensions marks a crucial step towards improving the financial well-being of its employees and retirees. Effective from July 1, 2024, this increment will provide much-needed relief and support, enhancing the quality of life for thousands of individuals and their families. As both provincial and federal governments continue to address economic challenges, such measures are vital in ensuring the sustainability and prosperity of public servants and pensioners across the region.

Suboohi by — July 16, 2024 in News
Strategic Leap: Pakistan Eyes Chinese Capital Markets with Panda Bonds Initiative

Finance Minister Muhammad Aurangzeb recently emphasized the potential of accessing Chinese capital markets by introducing Panda bonds, as a strategic measure to enhance Pakistan’s economic prospects. Aurangzeb highlighted the strategic significance of this project during his speech at the “Pak-China Business Forum” in Shenzhen. This initiative represents a crucial change in Pakistan’s economic strategy under the leadership of Prime Minister Shehbaz Sharif.

The Pakistani delegation, under the leadership of Prime Minister Sharif, arrived in China with a specific agenda: to investigate opportunities for gaining access to Chinese capital markets and to enhance bilateral commercial relations. Aurangzeb’s comments at the forum emphasized the preparedness and meticulous planning that had been invested in this project. Pakistan seeks to emulate the successful integration of the Egyptian model into the Chinese capital markets in order to achieve a stable and resilient economic future.

Aurangzeb confirmed that the initial phases of this endeavor are already under progress, with Pakistani officials maintaining regular contact with Chinese regulatory entities. This collaboration demonstrates a firm dedication to guaranteeing the seamless execution of the Panda bond program. The finance minister expressed assurance that the plan would begin in the next fiscal year, indicating a proactive and forward-thinking approach to economic management.

Aurangzeb noted a decline in inflation in May, crediting this favorable outcome to the structural economic reforms implemented under Sharif’s tenure. The decrease not only reflects the effectiveness of previous economic policies but also instills trust in Pakistan’s ability to govern its economy. The finance minister’s focus on Special Economic Zones (SEZs) highlights Pakistan’s economic policy’s strategic orientation. Pakistan’s objective is to attract significant foreign direct investment (FDI) by promoting export-driven economic growth through the establishment of SEZs. These zones are specifically created to promote collaboration between companies and the exchange of technology, fostering a vibrant business climate that stimulates innovation and competitiveness.

The Pak-China Business Forum also emphasized the growing trust of global investors in Pakistan’s economic prospects. Aurangzeb acknowledged Prime Minister Sharif’s role in spearheading these economic achievements and establishing a favorable atmosphere for progress and prosperity. The event provided a venue to demonstrate Pakistan’s dedication to economic reform and its preparedness to participate in global financial markets.

Finance Minister Muhammad Aurangzeb’s speech at the Pak-China Business Forum highlights an important point in Pakistan’s economic trajectory. The implementation of Panda bonds and the prioritization of key industries like agriculture and IT indicate a revolutionary approach to economic governance. Pakistan is well-positioned to capitalize on emerging prospects, stimulate economic expansion, and establish a robust and varied economy. Adopting a proactive approach is crucial for successfully navigating the complex challenges of the global economic environment and securing a prosperous future for Pakistan. 

Web Desk by — June 6, 2024 in News
PPP Prepares for Presidential Race

The Pakistan People’s Party (PPP) is gearing up for the upcoming presidential election. They’ve established a four-person committee dedicated to reaching out to other political parties to secure support for their candidate, Asif Ali Zardari.

This committee includes PPP heavyweights: Syed Yousuf Raza Gilani, Raja Parvez Sharaf, Syed Khursheed Shah, and Syed Naveed Qamar. Their mission is to build alliances and gain the necessary votes for Zardari’s victory.

This move comes after a recent agreement between the PPP and the Pakistan Muslim League-Nawaz (PML-N). In a joint announcement, the two parties declared Asif Ali Zardari as their official presidential candidate.

In a press conference, PPP Chairman Bilawal Bhutto-Zardari expressed confidence in forming a coalition government with the PML-N. He also confirmed that Shehbaz Sharif, president of the PML-N, will take on the role of prime minister.

Bilawal emphasized the parties’ commitment to tackling Pakistan’s challenges and expressed hope for a brighter future shaped by their joint leadership.

Suboohi by — February 28, 2024 in News
Sindh Governor Offers Unique Solution to Karachi’s Street Crime: Free Motorbikes and Phones for Victims

In a bid to combat street crime plaguing Karachi, Sindh Governor Kamran Tessori has taken an unconventional approach – offering free motorbikes and cellphones to victims as a form of compensation. With over 1,700 motorcycles stolen in the city last year, Tessori aims to ease the financial burden on affected individuals.

“Bring your original CNIC and FIR to Governor House,” declared Tessori, “and I will provide you with a new motorbike and cellphone.” This unique initiative sparks discussions on its effectiveness and sustainability in tackling the broader issue of Karachi’s safety.

While acknowledging the city’s struggles, Tessori emphasized the collaborative effort needed to overcome them. He highlighted ongoing initiatives like issuing health insurance cards offering treatment up to Rs500,000 and providing free rations and iftar meals to hundreds of thousands.

Beyond immediate aid, Tessori announced upcoming free IT courses to equip residents with valuable skills. These efforts showcase a multifaceted approach to address Karachi’s challenges, aiming to improve not only security but also empower the underprivileged.

Whether free motorbikes become a successful crime deterrent or not, Tessori’s initiative sparks a crucial conversation about tackling insecurity creatively. As Karachi strives for a safer future, this step, along with other ongoing projects, paints a picture of a proactive governor seeking out unconventional solutions for lasting impact.

Sajal Subhan by — January 10, 2024 in News
PPP Embarks on “No Hate” Campaign for 2024 Elections

Garhi Khuda Bakhsh to Host Launch Event on Benazir Bhutto’s Anniversary

The Pakistan People’s Party (PPP) has officially announced its campaign for the 2024 General Elections, setting December 27 as the launch date. The party vows to run a positive and inclusive campaign, prioritizing national unity and shunning negativity.

Key Points:

  • Campaign launch at Garhi Khuda Bakhsh on December 27 – the anniversary of Benazir Bhutto’s assassination.
  • PPP emphasizes holding timely elections and criticizes other parties for “running away from polls.”
  • Chairman Bilawal Bhutto-Zardari advocates for a “no hate” campaign focused on positivity and burying old political tactics.
  • Senator Sherry Rehman demands a level playing field and adherence to the election schedule.

Breaking with Tradition:

The PPP’s “no hate” policy marks a significant departure from traditional Pakistani politics, which often rely on divisive rhetoric and negativity. This approach aligns with Bilawal Bhutto-Zardari’s vision of a united and prosperous Pakistan.

Campaign Launch and Schedule:

The December 27 launch event will be held at Garhi Khuda Bakhsh, Benazir Bhutto’s ancestral graveyard, symbolizing the party’s commitment to her legacy and principles. Following the schedule set by the Election Commission of Pakistan (ECP), public notice will be issued on December 19, with nomination filing open from December 20 to 22.

Looking Ahead:

The PPP’s campaign promises to be a refreshing change in the Pakistani political landscape. By focusing on unity and positivity, the party aims to offer voters a viable alternative to the current political climate. Whether this approach will resonate with the electorate remains to be seen, but the PPP’s “no hate” campaign has undoubtedly injected a new dynamic into the 2024 elections.

Sajal Subhan by — December 17, 2023 in News
Pakistan Cuts Development Funds to Appease IMF, Raises Inflation Concerns

Islamabad, Pakistan: In a bid to secure further financial assistance from the International Monetary Fund (IMF), Pakistan has decided to slash development funds. This move, while aimed at meeting fiscal targets set by the IMF, raises concerns about the impact on critical infrastructure projects and economic growth.

137 Projects Axed: Citing sources, ARY News reports that 137 development projects worth Rs. 116 billion ($630 million) have been scrapped from the Public Sector Development Program (PSDP). While the government claims this is necessary to manage budget deficits, critics argue it could hinder infrastructure development and economic progress.

Financial Pressure Mounts: Pakistan’s economy has been reeling under high inflation, exceeding 20% since June 2022 and reaching a record 38% in May 2023. The central bank, while maintaining its key rate at 22%, acknowledges the need for further fiscal measures to curb inflation.

IMF Bailout and Conditions: Pakistan secured a $3 billion bailout from the IMF in July, but it came with stringent conditions, including budget revisions, foreign funding commitments, and energy price hikes. While the IMF has released $1.2 billion so far, further disbursements hinge on meeting these targets.

Foreign Reserves Climb: Despite the economic challenges, Pakistan’s foreign reserves have shown some improvement, reaching around $7 billion. This, however, remains a fraction of the 3-month import cover considered healthy for an economy.

Uncertainty and Impact: The development fund cuts raise concerns about the government’s ability to invest in critical infrastructure projects like healthcare, education, and energy. While aimed at appeasing the IMF, this decision could have long-term consequences for Pakistan’s economic growth and societal well-being.

Future Outlook: The success of Pakistan’s IMF program will depend on its ability to implement reforms while mitigating the impact on vulnerable populations. Balancing fiscal targets with development needs will be a crucial challenge for the government in the coming months.

Web Desk by — December 14, 2023 in Business
Army Chief Asim Munir Embarks on First Official US Visit

Pakistan’s Chief of Army Staff (COAS), General Syed Asim Munir, departed today for an official visit to the United States. This marks his first visit to the country as COAS.

The Inter-Services Public Relations (ISPR) confirmed the visit in a statement, reporting that General Munir is scheduled to meet with senior U.S. military officials and government representatives.

This visit follows recent discussions between Pakistan’s top officials and the United States Special Representative for Afghanistan, Thomas West. During his visit, West emphasized the importance of addressing security threats posed by the Tehreek-e-Taliban Pakistan (TTP) and the need for continued cooperation on Afghan refugee issues.

In a tweet following his trip, West described his conversations with Pakistani officials as “productive” and expressed gratitude for the country’s commitment to tackling terrorism and protecting Afghan refugees.

General Munir’s visit to the U.S. comes amid ongoing efforts to strengthen bilateral relations and address regional security challenges. The meetings are expected to focus on topics such as counterterrorism cooperation, security in Afghanistan, and the safe return of Afghan refugees.

The outcome of the visit could have significant implications for the future of U.S.-Pakistan relations and the broader regional security landscape.

adminsot by — December 11, 2023 in News
Pakistan’s Caretaker PM Calls for Improved Taxation System for Economic Growth

Caretaker Prime Minister Anwaar-ul-Haq Kakar has emphasized the importance of improving Pakistan’s taxation system to stimulate economic growth. He believes that the private sector should be the primary driver of wealth creation, while the government focuses on policymaking and taxation.

Kakar also highlighted the need for responsible government spending of tax revenue. He visited the PTV headquarters on the occasion of the institution’s 59th anniversary and commended its role in promoting Pakistan’s soft image and identity globally.

Addressing Balochistan’s natural resources, Kakar stated that most valuable minerals, such as gold and copper, remain untapped. He noted that the issue of mineral resource exploration and exploitation had been resolved following the 18th amendment, allowing for a 50:50 division between the province and the federation.

The prime minister emphasized that the timing for mineral exploration is opportune, as Pakistan was previously unprepared due to capacity, financial, and technical expertise limitations.

Regarding his future plans, Kakar expressed openness to contributing in the parliament after the caretaker setup concludes. He indicated that he enjoyed serving as a parliamentarian more than in an executive role.

Kakar praised PTV’s legacy of producing exceptional dramas, music, and informative programs. He suggested that PTV effectively document and present the region’s ancient civilization, highlighting the rich cultural heritage of poetry, music, dance, and renowned figures like Khushahl Khan Khattak, Shah Latif Bhttai, Bullhay Shah, and Waris Shah.

Web Desk by — November 27, 2023 in News
The Pakistan People’s Party (PPP) has demanded that the Election Commission of Pakistan (ECP) hold general elections within 90 days.

The PPP delegation, which met with ECP Chief Election Commissioner (CEC) Sikandar Sultan Raja today, argued that the ECP has the constitutional mandate to hold elections within 90 days of the dissolution of the National Assembly.

The delegation also said that the ECP should announce the date and schedule of the elections as soon as possible.

The ECP has so far held consultative meetings with all major political parties on the upcoming general elections. The next round of meetings will be held with the Baluchistan National Party (BNP) and the Awami National Party (ANP) tomorrow, August 30.

It remains to be seen whether the ECP will be able to meet the PPP’s demand for early elections. However, the demand is likely to put pressure on the ECP to expedite the electoral process.tuneshareGoogle it

Web Desk by — August 29, 2023 in News
Cable cars stopped from operating in several areas of KP

The tehsil municipal administration in Balakot sealed three private cable cars on Thursday. The TMA superintendent said that the cable cars were sealed for examination to ensure the safety of passengers, mostly women and children. He said that around a dozen chairlifts had already been sealed in Mansehra district.

The development came following the rescue of eight people, including six children, who remained stranded on a cable car hundreds of feet above ground in the mountainous Battagram area. They got stuck in the chairlift for long hours after two of its cables snapped.

Sajal Subhan by — August 25, 2023 in News