Tag: Policy

GENEVA - Industrial policy (IP) is back or rather, back in fashion. Of course, it never really went away, even in countries formally adhering to free-market principles. But the post-crisis world - in which government intervention in the economy has gained greater legitimacy - will see more of it.
Likewise, China's success, and the temptation to bandwagon on its development model, has reinvigorated IP's appeal, as have better policy tools and greater experience of what works and

KARACHI - National Engineering Services Pakistan (NESPAK) has sought the opinion of the Sindh Government on the formulation of a framework on the resolution of the inadequate compensation and rehabilitation of those displaced by floods as well as the resettlement policy of those who are displaced through the implementation of hydroelectric projects of Pakistan and other major efforts.
In a letter send by NESPAK Geotechnical and Geo environmental Engineering Division Vice

LAHORE - The Ministry of Commerce (MoC) has directed the Federal Board of Revenue (FBR) to implement the Economic Coordination Committee's (ECC) decision on rationalising the prices of locally manufactured cars. The ministry has called on the FBR to enhance the depreciation value cap from 50 percent to 60 percent for car imports. This would essentially mean that the price of imported cars will be further reduced in the local markets. Official documents made available to Pakistan Today

LAHORE - parliamentarians' caucus has been set up on Thursday with the collaboration of UNICEF and Punjab education department to make efforts at policy making level for the promotion of education without any gender discrimination. "After Nepal, Pakistan is the second country where such a caucus has been established with UNICEF's cooperation. According to UNICEF statistics only 20 students, out of a hundred enrolled in Pakistani schools, appear in Matric examination. After Nigeria and

KARACHI - The State Bank of Pakistan (SBP) has once again advised the general public to exchange the phased out and larger sized banknote of Rs 500 denomination at the latest by September 30. According to an issued press release, the notes can be exchanged at the field offices of SBP Banking Services Corporation and the branches of all commercial banks throughout the country. It may be recalled that the federal government has already notified that the old-design banknote of Rs 500

Obama may be losing the faith of a famous and charismatic supporter ahead of the 2012 elections. Academy Award-winning actor Matt Damon campaigned for Obama in 2008, but he recently offered some harsh criticism of the president's economic approach.
During the interview rounds promoting his latest film, 'The Adjustment Bureau,' Damon took aim at the White House's approach to big banks. "I think he's rolled over to Wall Street completely. The economy has huge problems. We still

LONDON - Britain's interior ministry Sunday said its plans to tighten the visa system for foreign students would not damage the country's universities. An alliance of chief executives from 16 universities has written to the interior minister, Home Secretary Theresa May, urging her to abandon plans to restrict the number of visas and impose strict English language requirements. Students represent almost two-thirds of non-European Union migrants coming to Britain. The government thinks

ISLAMABAD - The Economic Coordination Committee of the cabinet (ECC) on Tuesday approved 18 amendments in the three-year strategic trade policy, approving regulatory changes in the import and export policy orders to boost exports, while the incentive package for attracting new investment in auto sector was deferred until the next meeting.
The meeting of ECC was held under the chairmanship of Finance Minister Abdul Hafeez Shaikh. Prime Minister Yousuf Raza Gilani had already

PESHAWAR - A one day workshop on National Climate Change (NCC) Policy was held Saturday at the Archaeology Museum Hall, University of Peshawar in which experts assessed the draft of the new National Climate Change Policy for the country.
The experts were of the opinion that in the era of global warming and climate change there is a need for a comprehensive NCC Policy to avoid the frequently occurring natural disasters in Pakistan.
They said that most of the areas in the

LAHORE - America should differentiate between a democratic government and a dictatorial government and should rethink its policy on Pakistan, former foreign minister and Pakistan People's Party (PPP) central leader Shah Mahmood Qureshi while talking to reporters on Thursday, adding that Pakistan has paid back much more than the US gave and the nation should take a stand.
He said that it was the time to show the confidence and realize that the US needs Pakistan also. He said that

HAFIZABAD - The payment of at least Rs 7,000 minimum wages to workers under the Labour Policy 2010 will be ensured at all cost while a complaint cell has been set up at Hafizabad. This was stated by District Officer Labour Naveed Qureshi in a press release on Monday.
He warned that strict action would be taken against the mills owners found violating the rules of paying monthly wages of Rs 7,000. He said that complaints in this regard can be got registered at the compliant cell

ISLAMABAD - The opposition parties on Monday called for a shift in the country's foreign policy, saying a faulty and flawed policy was resulting into incidents like the Lahore killings by Raymond Davis.
On a point of order, Jamiat Ulama-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman said, "The government has placed Pakistan into a situation where the US is our master and we are its slaves. Had there been no public pressure, the government would have handed over Raymond to the

LONDON - United Kingdom, once considered a best destination to study and work for the people from all over the world is fast losing its charm, thanks to the tough immigration policies of the Conservative party led government. Conservative party, commonly known as a Tory party of UK went into the 2010 general elections with the issue of immigration on the top of their agenda.
With unemployment raised to its record high and more than 2 million Brits out of work, "British jobs for

LAHORE - Former senior vice president of the Lahore Chamber of Commerce and Industry (LCCI) and former Pakistan Poultry Association (PPA) chairman Abdul Basit has urged the government to review its agricultural policies as the sector has the capacity to wear off the impact of ongoing economic meltdown.
In a press statement issued here on Saturday, Abdul Basit said that potential of Pakistan's agriculture sector had not been fully exploited due to a number of reasons including

ISLAMABAD - Addressing a meeting of the Pakistan People's Party core committee, President and party Co-chairman Asif Ali Zardari reiterated his party's resolve to continue politics of reconciliation introduced by Benazir Bhutto.
A party official said former foreign minister Shah Mehmood Qureshi and party's secretary information Fouzia Wahab were not invited to the core committee meeting, hinting at the leadership's displeasure with their out of context statements on the Raymond

LAHORE - Under new anti-narcotic policy government has geared up the process to make Lahore a model drug free city within three years. This was told to Pakistan Today by Anti Narcotics Force (ANF) Deputy Director (DD) Altaf Qamar.
"Under the plan, drug free ward would be established in every hospital in Punjab", says Qamar. In first phase, 10 hospitals would be equipped with the facility on February 28. He added that government would also conduct seminar to create awareness

KARACHI - The draft of the revised maritime policy is under discussion at the National Maritime Affairs Coordination Committee (NMACC), and expected to receive approval from the committee in the next meeting to be held in the end of March.
The revised national maritime policy will append new aspects and the figures quoted in the last policy have been removed, while the ministries will have greater flexibility through implementation guidelines in it. The revised policy will