2020- Digital Pakistan Launching Ceremony

Speaking at the launching ceremony of the Digital Pakistan Vision at the Prime Minister's Secretariat, Prime Minister Imran Khan stated that digitalization is critical for the benefit of the people as it would assist the government to bring a meaningful change in the life of the common man. This, he further contended, would reduce the paper in use by the federal government with an obvious positive impact on environment as well as provide opportunities to women to contribute to this sector and cash in on more jobs in the economy.

There is no doubt that the use of paper, sourced to trees, has had severe environmental implications and hence any attempt to reduce its use must be fully supported even though Pakistan imports paper to meet the bulk of its needs, however, one would hope that the government would ensure that there are no deliberate glitches in the computer system due to the perceived benefits associated with influential elements, given that the burning of paper records stored in government buildings has been a common enough feature in this country. At the same time, while new jobs may emerge as a consequence of the decision to have e-government yet it is unclear how many of the paper pushers would be made redundant and offered training to operate within the digital environment.

The Prime Minister then went on to politics and justified the massive reshuffle in the Punjab administration claiming that “we are getting familiar with the governance issues and everyone will see a change for the better." The Prime Minister, however, did not change any member of the Punjab cabinet indicating that he was convinced that the problem lay entirely in bureaucracy. Sceptics maintain that there have already been three to four changes in the top bureaucracy of Punjab without any visible improvement in governance and derive little comfort from the most recent change. Others argue that the Prime Minister's narrative has not changed and while he insists that top Punjab bureaucracy is to blame as it continues to be loyal to the Sharifs (in power in the province for 10 consecutive years) yet at the same time, he maintains that National Accountability Bureau (NAB) is at fault as the civil servants are not taking any decisions or signing off on any directives by the executive to forestall the possibility of being hounded by NAB. The fact, however, is that both the political leadership and the bureaucracy are partners in governance and to blame one while absolving the other is a policy that has so far been responsible for the lack of improvement in governance in the province.

There is no doubt that the current account deficit has declined, reserves have incrementally increased and the rupee has appreciated by about 5 percent as indicated on the SBP website. However, the prime minister would do well to understand the potential risks the SBP policy to attract so-called ‘hot money' through ‘carry trades' by fixed income investors (hedge funds) carries. Firstly, these funds are not Foreign Direct Investment (FDI) but short-term commercial borrowing at a high cost and Pakistan could burn its fingers like many other countries if cost of borrowing for these highly leveraged funds increases in the international market. It is important that we do not pile up short-term debt and instead go for issuance of bonds in the international market with a tenor of 5 years or more. The prime minister would be well advised to direct his economic team leaders to readjust their policies; and perhaps as economics is not his forte he may seek an alternate view of the state of the economy from those he appointed as members of his Economic Advisory Council.

Top Stories:
Wake up call to IMO & Maritime industry
Approver of Mr. Zardari's money laundering will invest in a Pakistani Bank
Clearing Cheques are no more headache
Pakistan Banking Association Protest on banking timings
Female Branch Manager Harassed by her superior Bosses!!
Bank Islami Customers lose over 6 Million
SBP increased the limits of foreign remittances up to 5 times.
Agha Hasan Abidi a legendary Banker.
SBP Penalized banks up to Rs 184 Millions.
Suroor Group trying to save Summit Bank.
Court Grants 4 Days Physical remands of Ex- CEO Summit Bank
Viral Stories:
Corona Virus Origin??
2 years ago, South Korean drama series predicted Corona Virus
Mossad killed German Finance Minister
Chaudry Pervaiz highly criticised to Kaptaan's Waseem Akram
List of 22,000 Bureaucrats having dual nationalities.
Trend of Azan in Pakistan
PayPak another Milestone by Digital Pakistan.
How Corona Virus viral in Pakistan
Syed Mustafa Kamal Press Conference
Ali baba Products

Comments

Dubai Islamic Bank Pakistan (DIBP) Harrasment Case - Filed by Female Branch Manager

A woman bank manager has filed an application to the Federal Ombudsperson for Protection against Harassment of Women at the Workplaces that her superior had allegedly harassed her. The applicant claimed that a regional head for the Dubai Islamic Bank (DIB) had allegedly, repeatedly harassed her at their workplace. She added that the bank’s management failed to take any action nor did they make conduct an inquiry despite her complaints. Instead, she claimed that she had been suspended from in contravention to the Anti-Harassment Act of 2010. Sources have disclosed that the woman has submitted a thread of text messages as evidence to substantiate her claim along with an application. She has included the names of the SME branch chief in Karachi along with DIB Internal Audit Head Najeeb Gillani as respondents in the case. The bank administration has been summoned by the federal ombudsperson on February 19. Top Stories: Chaudri Pervaiz Elahi Condemn the Pu...

Story of Agha Hasan Abedi & BCCI

Agha Hasan Abedi: the man who dared to dream BIG! Agha Hasan Abedi was one of the finest minds this country has ever produced. He was an exemplary patriot and a legendary banker. In the mess that exists today, the youth of Pakistan desperately needs inspiring personalities to look up to. I cannot think of a better person to quote. He proved that politics is not the only form of service to the nation. He suffered through various scandals towards the end of his life, but no one can deny his contributions towards building a stronger Pakistan. It is a shame we let our youth forget a man like Agha Hasan Abedi. Thousands graduate every year from FAST National University and Ghulam Ishaq Khan Institute. Only a handful of those proud degree holders know who laid the foundations of these prestigious institutes. It was one man’s vision that delivered tremendously to Pakistan’s development. *A true patriot: Agha started his banking career at Habib Bank in the late 19...

Pakistan Banking Association(PBA) Protest on Bank Timing, Proposal Submitted to SBP

Presently Pakistan Banking Associating (PBA) has taken initiative against late sitting and customer timing being faced by Banking sector in Pakistan, share a proposal with State Bank of Pakistan to reduce the Customer Timing and Business hours of the banks. Agenda PointsCurrently customer timing (9:00 AM to 5:30 PM) of all banks in Pakistan without any break and Friday timing (9:00 AM to 6:00 PM) with approximately half an hour or 2 hours Juma break Mr. Agha Hassan Abidi and BCCI History Employees are available round the clock for resolution of ATM related issues without allowance (some of banks are paying nominal amount). Bank staff has been disturbed due to high business targets and non-scheduled office timing, even staff have to come office on Saturday (Where branches are off) for warping pendency work or preparation of internal / external audit. Within 10 years people will forget PayPal Bank staff are unable to manage their personal life due to late sitting an...

What is Tax Rebate? Its Calculation, Reasons , Documentation & Methods

According to Nigerian Law what is Tax Rebate? Its Calculation,Reasons,Documentation & Methods Tax Rebate/Tax Refund A tax refund or tax rebate is a payment to the taxpayer when the taxpayer pays more tax than they owe. Calculation of Tax Rebate/Tax Refund Tax rebate/Tax refund = Input tax – Output Tax Input Tax An input tax is a levy paid by a business on acquired goods and services. An example of an input tax is the value added tax . When a business then taxes its customers , this is considered an output tax. The business pays the federal revenue authority the difference between the output tax and input tax if the amount is positive, or it can apply for a tax refund if the amount is negative. Output Tax Output tax is the VAT that is calculated and charged on the sale of goods and services from your business, if you are VAT-registered. This must be calculated on sales to ot...

UP TO RS. 2 MILLION LOAN FOR SALARIED PERSON

Dubai Islamic Bank offering personal Loan facility up to Rs. 2 Million for salaried person Dubai Islamic bank is the first Islamic bank in Pakistan to offer a shari'a compliant " Personal Fiance" facility based on the Islamic Finance Features: 100 % Shari'a Compliant Affordable and competitive equal monthly installments. Hassle free and fast processing of your application form. Only Salaried persons can avail this facility. Say Hello! Askari Nayab Plan https://tryfinancialsolutions.blogspot.com/2018/12/invest-today-for-your-hassle-free-future.html?m=1 Eligibility: Age= 25 to 65 years Salaried Person( Salary must be credit in bank account). Minimum Salary should be Rs. 35,000/- Documents Required for Processing are: CNIC Copy Two recent Passport Size Photographs 3 Payslips Job Proof( Job Card, Visiting Card) One year bank statement Account maintaining certificate For ...

Where did the Corona virus come from?

The Corona virus was manufactured in the UK laboratory, registered in the United States, and then routed to Wuhan's laboratory by Air Canada flight from the Canadian Laboratory. According to research, the use of the Corona Virus as a biological weapon was initiated by the Pirbright Institute in England. Bill Melinda Gates Foundation provide funds for this project. The Corna Virus was regularly patented by the Johns Hopkins Bloomberg School of Public Health in the United States. Its patent number was 10,10,701. The patent was terminated as soon as the first case was discovered in the United States in January. US-based Center for Disease Control and Prevention (CDC) 2019-nCoV, was practiced in New York on October 18, 2019. The exercise was organized by the Bill & Melinda Gates Foundation, John Hopkins Center for Health Security in partnership with the World Economic Forum. The exercise, which was attended by parliamentarians, business lead...

Home Finance on easy installments with 100 % Approval

you can buy, build or renovate your home, and let us bring your dreams to life with the most convenient terms and simplest process! Buy Your Home! Step 1: Find your dream Ghar. Step 2: Apply for Home Purchase Loan, from as low as Rs. 500,000 to as high as Rs. 100 million. Step 3: Choose from financing tenure of between 1 and 20 years. Step 4: Let us take care of the rest. Build Your Home! Step 1: Find the right plot for your dream Ghar. Step 2: Apply for home Construction Loan, from as low as Rs. 500,000 to as high as Rs. 100 million (for pre-owned plot, maximum loan limit of Rs. 50 million). Step 3: Choose from financing tenure of between 1 and 20 years. Step 4: Let us help construct your visions into reality. Renovating your Home! Step 1: Plan out the makeover your home. Step 2: Apply for home Renovation Loan, from as low as Rs. 500,000 to as high as Rs. 10 million. Step 3: Choose from financing tenure of between 1 and 10 years. Step 4...

Kasur: Another Child abducted in Kasur

According to details, two motorcycle riders attempted to abduct two children from Hashim Chowk, however, after being followed, the motorists left one of the boys behind in a state of unconsciousness. As of reporting time, the other child was still missing, while the one left behind was shifted to Tehsil Headquarter Hospital. Police said the minor under treatment at the hospital has been changing his statement. Authorities further said no one has come forward about the alleged abduction of the other child. The recent abduction case comes after the remains of at least three of the four children who went missing from the city’s Chunian locality were found earlier this week. All three were brutally raped before being buried underground, police said, triggering fear in the city. https://refferalsearnings.blogspot.com/2019/10/online-earning-without-investment.html?m=1 Police said, 12-year-old Imran of Rana Town had gone missing on June 1, eight-year-old Ali Hasnain and nin...

Wow App- alternative of What's App with benefits of Earnings

WowApp is the alternative of what's app, benefits of using WowApp is the sharing of earning which didn't share by What's App. But WowApp share it earnings with users. Earn WowCoins from chatting, reading news, making free calls, video calls, sharing files and much more. For joining you need to be a sponsor who is using this app. Like https://www.wowapp.com/w/rayanmalik/Mehar-Danis Top Stories: Wake up call to IMO & Maritime industry Approver of Mr. Zardari's money laundering will invest in a Pakistani Bank Clearing Cheques are no more headache Pakistan Banking Association Protest on banking timings Female Branch Manager Harassed by her superior Bosses!! Bank Islami Customers lose over 6 Million SBP increased the limits of foreign remittances up to 5 times. Agha Hasan Abidi a legendary Banker. SBP Penalized banks up to Rs 184 Millions. Suroor Group trying to save Summit Bank. Court Grants 4 Days Physical remands of Ex- CEO Summit Bank Viral Stories: ...

For Sale- MIRA model (2011)- Registration (2015)

Urgent Sale Model 2011. Reg 2015 1st owner cplc clear auction sheet available eco idle Grade 4.5 milage 58,000 Km only one side door touchup skratches thay is liye repair karwaya Demand Rs. 970/- Auction sheet

Try Financial Solutions

Search This Blog