Tag: Policy

PAMA hails ban on used cars import – Proposed ‘new entrant...

KARACHI - Pakistan Automotive Manufacturers Association (PAMA) has threatened the government that if the proposed new entrant policy for new auto manufacturers was approved, the business and development of local auto parts venders would be severely affected.
Talking about the proposed new entrants policy, director general PAMA Abdul Waheed Khan, , said that under the proposed policy, the new entrants are allowed to import at 32.5 percent duty without using local components for a

Climate policy on the cards

ISLAMABAD: The environmentalists criticised the previous National Climate Change Policy, when the Environment Ministry presented it for expert opinion. They called it a 'wish-list' by the ministry of environment. Pakistan Today learnt on Tuesday.
After a cold-response from the experts on environmental issues, the ministry is set to present the policy again on December 28th for review after making some amendments.
While talking to Pakistan Today, Shakil Ahmed Ramay, head of

Pakistan offers most liberal investment policy: Hafeez Sheikh

ISLAMABAD - Finance Minister Dr Abdul Hafeez Shaikh said on Saturday that Pakistan offered one of the most liberal and investment friendly policies in the world and Chinese investors should actively benefit from it.
Speaking at the Pakistan China Business Cooperation summit, he expressed his hope that the interaction between the business communities of the two countries would help expand bilateral relations, especially in the field of trade and investment.
He went on to say

Obama asked to change Afghan policy

LAHORE: Academics, journalists and NGO members, through a letter, asked US President Obama to change the American strategy in Afghanistan and underlined the need to go for a direct dialogue and negotiations with the Afghan Taliban leadership residing in Pakistan.
"The cost of the war is now over $120 billion per year for the United States alone. This is unsustainable in the long run. Despite these huge costs, the situation on the ground is much worse than it was a year ago

Expert says National Climate Change Policy flawed

ISLAMABAD: The Ministry of Environment has finally formed the long-awaited National Climate Change Policy. The policy framework, however, is not without the loopholes.
A ministry official while talking to the Pakistan Today on Sunday said, "The forthcoming National Climate Change Policy of Pakistan fails to give an adequate provision for implementation of the policy. He said the policy appeared to be superficial and he dubbed it as 'CUT-PASTE work' done by the ministry.

Pakistan bothered by US’ ‘keep-in-dark’ policy

ISLAMABAD: Disillusionment is growing in Pakistan over the Unites States' deliberate attempt to keep its front-line ally in the war against terrorism in the dark on its strategy in Afghanistan, and taking Islamabad for granted despite a huge contribution.
"The United States is deliberately keeping us in the dark in its peace efforts and it appears from Washington's policy that Pakistan is being made a scapegoat for the failure of the coalition in Afghanistan," a high-ranking

KSE remains sluggish, investors await monetary policy announcement

KARACHI: The local bourse underwent another range bound session, as investors remained at the sidelines and awaited the monetary policy announcement due later in the day.
Though Farrukh Khan's announcement as the new SECP chairman was welcomed by investors, but it failed to provide an impetus against anticipation over the MPS.
The benchmark KSE-100 index accumulated 18 points to close at 11,163 levels. The KSE-30 index squeezed 3.13 points and closed at 10745.17 levels,

Text of the ‘Monetary Policy Decision’

The economy's ability to achieve sustainable recovery remains constrained owing to slow progress in the prevailing security and economic conditions. The key economic variables impeding stabilisation and thereby growth are high and persistent inflation, continuing fiscal slippages and unresolved power sector issues.
Whereas adjustments in administered prices of fuel and energy and the post-flood disruption in the supply chain of food items have contributed to the recent upsurge

Strict UK visa policy global, not Pakistan-specific: UK HC

ISLAMABAD: The restriction on migration from non-European states to United Kingdom was global and not Pakistan-specific, UK High Commissioner Adam Thomson said in a press conference on Wednesday.
"The UK's coalition government seeks to tighten migration taking place from all non-European Union states," he said. Steps were recently taken by the UK government to reduce the number of people migrating for work or residence to create more job opportunities for British citizens,

SBP to keep policy rate ‘intact’ at 13.5pc

KARACHI: Analysts, making conservative estimates, expect that the State Bank of Pakistan (SBP) will maintain the monetary policy rate at 13.5 percent for next two months.
The central bank is all set to announce its two-month Monetary Policy on Monday November 29, 2010. Analysts are of the view that the SBP will prefer to keep the policy rate untouched for the next two months. The government's renewed effort to raise more tax revenue, to bring the fiscal deficit down at around

Pakistan’s Vision East Asia policy seeks constructive role in South Asia:...

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi said on Tuesday that Pakistan's 'Vision East Asia' policy was not driven by economic impulses only but also by its commitment to play a constructive and meaningful role in South and South East Asia.
According to a press release issued by Pakistan High Commission in Singapore, Qureshi expressed these views in a lecture on 'Pakistan in the Next Decade, Prospects and Challenges' at Rajaratnam School of International Studies (RSIS) in

KU to run last year’s admission policy

KARACHI
The University of Karachi (KU) has not formulated a new admission policy for the new academic year and announced that it would continue last year's policy.
A meeting of the KU Admission Committee was held on Monday that was decided that the admissions for the year 2011 will commence as per the policy of the previous year.
In order to make the procedure less complicated, it has been decided that applicants interested in applying for admission to the faculty of