Jam Kamal pushes DGTO to boost trade advocacy, modernization

Minister for Commerce Jam Kamal Khan reiterated government's commitment to foster a business-friendly environment and highlighted the importance of trade organizations in this regard. During his visit to the Directorate General of Trade Organizations in Islamabad, he directed the department to enhance the trade advocacy role for chambers and associations and improve its efficiency and effectiveness through a comprehensive overhaul. He emphasized the necessity for the DGTO to modernize its operations and infrastructure in order to meet the evolving needs of the business community. Source: Radio Pakistan

SCO’s Summit of Heads of State begins in Astana tomorrow

Shanghai Cooperation Organization's 24th summit of Council of Heads of State begins at Astana in Kazakhstan tomorrow. The leaders of member countries will discuss the current state and further development of multifaceted cooperation and exchange views on current international and regional issues. At the conclusion, the leaders will sign the Astana Declaration and other joint documents. Prime Minister Shehbaz Sharif along with his delegation is representing Pakistan at the summit. He will share Pakistan's perspective on important regional and global issues and underline the importance Pakistan accords to regional connectivity and cooperation with SCO member countries. The Prime Minister will also hold meetings with participating leaders on the sidelines of the Summit. Source: Radio Pakistan

Economic stability linked with political stability: Qaiser Ahmed

Minister for Maritime Affairs, Qaiser Ahmed Sheikh has said that economic stability is linked with political stability. Talking to a private television channel, he underlined a serious need to focus on improving business sector to achieve targets in revenue sector set by the government in the budget 2024. Commenting on taxes imposed by the government after announcement of the budget, he said despite IMF pressure, we tried best to provide relief to low income group. He urged all the political parties to work for increasing employment opportunities and reduce the poverty level in the country. Source: Radio Pakistan

Finance Minister reiterates govt’s focus on stimulating economic growth

Finance Minister Muhammad Aurangzeb has reiterated the government's focus on stimulating economic growth by committing to streamline processes and ensure a stable regulatory environment. Talking to Group Chief Executive of Standard Chartered Bank PLC Bill Winters in Islamabad today, he mentioned the government's focus on areas of mutual interest including climate financing, SMEs and youth loan schemes aimed at promoting inclusive growth and development. The Minister highlighted Pakistan's enhanced foreign exchange reserves and the robust performance of the stock market. On his part, Bill Winters expressed Standard Chartered's commitment to support Pakistan's economic aspirations and highlighted bank's eagerness to assist Pakistan in accessing international capital markets. Source: Radio Pakistan

President calls for financial autonomy of women

President Asif Ali Zardari has called for financial autonomy of women and improving their access to financial services and credit to encourage women entrepreneurs. He was talking to Standard Chartered Bank's Group Chief Executive Bill Winters, who along with his delegation, called on him in Islamabad today. The President said economic empowerment of women would not only strengthen them financially but would also help uplift their families, besides contributing to the national economy. He said banks should support women entrepreneurs as well as enhance their representation in the banking sector. Asif Ali Zardari highlighted that Pakistan has taken steps to protect the environment and promote forestation. He informed that the Government of Sindh has planted mangrove forests and earned millions of dollars by trading carbon credits in the international market. He suggested that investing in the climate sector would help protect the environment. The President also called for investing in the agricultural sect or as well as financing infrastructure projects in the country, especially small dams, barrages and power plants. He said banks should extend financial services and loans to farmers to increase their access to agricultural inputs. Asif Ali Zardari congratulated the bank on the completion of successful operations. He said the bank has played a commendable role in the evolution of the country's banking sector. He expressed the hope that the Standard Chartered Bank would continue to play a crucial role in Pakistan's economy, besides expanding its operations in the country. The delegation briefed the President about the bank's contributions to Pakistan's economy, the development and evolution of the banking industry, and the socio-economic development of the country. Source: Radio Pakistan

PM leaves for Kazakhstan to attend SCO Summits

Prime Minister Shehbaz Sharif has left Dushanbe for Astana, Kazakhstan to attend twin Summits of SCO Council of Heads of State and SCO plus. At the SCO Council of Heads of Summit Meeting, the Prime Minister will share Pakistan's perspective on important regional and global issues and underline the importance Pakistan accords to regional connectivity and cooperation with SCO member countries. The Prime Minister will also address the SCO Plus Summit and highlight the country's position on important regional and global issues. He will hold meetings with participating leaders on the sidelines of the Summit. The Prime Minister is expected to meet today with Russian President Vladimir Putin and Uzbekistan's President Shavkat Mirziyoyev. There will be a round of trilateral talks between Pakistan, Turkiye and Azerbaijan which is expected to be attended by the Prime Minister. Shehbaz Sharif will also attend a dinner hosted by the President of Kazakhstan in honor of the heads of the member states of the Shanghai C ooperation Organization. Source: Radio Pakistan