12 Operational test run of Metro LHC issues stay order on ghee train on 10th prices set by govt By Our Staff Correspondent The : The (LHC) on Tuesday LAHORE: Punjab government has announced to make has issued stay order on the imposition of ghee prices set orange line metro train operational on Dec 10 in the light by the federal government. The decision was taken during of implementation upon the Supreme Court (SC) orders. the hearing of a case pertaining to the prices of the ghee. According to media reports, Chief Minister (CM) Pun - The plaintiff said that the government had issued noti - jab Usman Buzdar along with caravan of 250 people in - fication without consulting with the owners of ghee mills. cluding ministers and journalists will make an official test We cannot sell our product on the prices provided by the run on Dec 10 upon 27 kilometer route of train. LBahore, Wuednesdays, Deciembner 04, 2e019 Rasbi-uss -Sani 06, 1441 government, he clarified. —Online Pak will succeed OICCI announces with regard to results of IPR GSP-Plus: Sarwar LAHORE: Punjab Governor survey 2019 Chaudhry Muhammad Sarwar held im - KARACHI: Overseas Investors Chamber of Commerce portant meetings with Secretary of State and Industry (OICCI) on Tuesday announced the key find - of Foreign Affairs and Cooperation ings of its latest intellectual property tights survey. Teresa Ribeiro and Vice President of The OICCI 2019 IPR survey highlighted that IPR protec - Parliamentary Committee for Foreign tion continues to be of high importance for the business com - Affairs and Portugese communities Pedro munity of , whereas there is need for better Filipe Soares. Both the leaders have as - appreciation of the importance of IPR among other key stake - sured to support Pakistan for extension in holders including the government and the media, said a press GSP-Plus status. release on Tuesday. According to a communiqué issued by Approximately 50% of the respondents believe that IP Governor House here, Governor Ch Sar - rights are not adequately protected in the country. However, war during his visit to Europe met with comparing the IPR environment with other countries in the Secretary of State of Foreign Affairs and region, OICCI members perceive that the IPR environment Cooperation Teresa in Pakistan to be "better" or "same" than Bangladesh, India Ribeiro and Vice President of Parlia - and Philippines. Their feedback indicates that it has improved mentary Committee for Foreign Affairs somewhat as compared to the survey conducted in 2017. In and Portugese communities Pedro Filipe terms of estimated revenue losses, 17% of the respondents Soares. Matters pertaining to extension in have indicated losing more than 20% of their annual turnover GSP-Plus status to Pakistan, Kashmir due to IP violation, compared to 6% in 2017. issue, Indian war hysteria, peace in OICCI IPR survey highlights the need for a concerted ef - Afghanistan, Pak-Portugal relations, fort by the relevant authorities towards robust enforcement of trade, tourism and other issues were dis - IPR laws as the foreign investors expect significant improve - cussed. —Online ISLAMABAD: Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Abdul Hafeez Sheikh, Federal Minister ment in the IPR regime to facilitate FDI in Pakistan. for Economic Affairs M Hammad Azhar and Chairman Federal Board of Revenue, Syed M Shabbar Zaidi Some of the concerns shared by the survey respondents in - address a press conference at PID Media Center. cluded lengthy time lines for granting IP rights. APWC seeks They also mentioned lack of awareness about IPR amongst some stakeholders, other than brand owners, and too few IP partnership Tribunals for timely resolution of IPR infringement cases. Currently over 90 percent of the OICCI members prefer re - liance on their own resources for monitoring threat of IPR vi - under Ehsaas olations. However, there is a great desire for all the IP owners ISLAMABAD: Presidents of all Pak - to work with the government for a better IPR regime in Pak - NAB tightens noose istan. The OICCI 2019 IPR survey results reflect the assess - istan Women Chambers accompanied by leadership of Chamber of ment of the foreign investors, who are members of the Commerce and Industry called on Special chamber, on the state of intellectual property protection in Assistant to the Prime Minister on Social Pakistan. The survey was conducted during August Septem - Protection and Poverty Alleviation Dr ber 2019, following up on a similar survey conducted in 2017. Sania Nishtar here at the Prime Minister’s around Shehbaz, Protection of IP is one of the key elements in attracting FDI Secretariat. in the country. —APP The meeting took stock of key chal - lenges and opportunities for women en - trepreneurs around economic activities in the country and explored options for sup - freezes family assets SECP issues revises porting the Women Chambers under the g Ehsaas that is the multisectoral an - NAB takes back petition for suspension of bail to Shehbaz in SC AML/CFT guidelines tipoverty programme of the Government, said a press release. LAHORE: The National Accountability ing scandal. Fawad Hasan Fawad had pressurised the The entrepreneurial women leaders Bureau (NAB) tightened the noose around Chief Justice Asif Saeed Khosa remarked administration of Punjab Land Development for NPOs Leader of the Opposition in the National As - that bail cannot be suspended in prima facie Company (PLDC), whereas, he had also re - from 11 Women Chambers all across ISLAMABAD: The Securities and Exchange Commission Pakistan came to the table immediately sembly and Pakistan Muslim League-Nawaz case. He added that few people had spent ceived Rs550 million from the second bidder, (PML-N) President Shehbaz Sharif, and fur - many years in jail due to lack of progress in Kamran Kayani to suspend the agreement of Pakistan (SECP) has issued revised and more elaborative following their interaction with Dr. Anti Money Laundering and Counter Financial Terrorism Nishtar at the inauguration of a three day ther froze his family assets on Tuesday. Ashiana case. The NAB lawyer Naeem with Chaudhry Latif and Sons. According to details, Shehbaz Sharif will Bokhari told the court that Fawad Hasan The top court’s judge questioned whether (AML/CFT) Guidelines for Non-Profit Organizations Third All Pakistan Women Chambers (NPOs). The new guidelines explicitly highlights the conse - Presidents’ Summit (APWCPS) in not be able benefit from his family’s assets Fawad, former principal secretary to the ex- the new contract was handed over to Kayani which are allegedly based on TT (telegraphic prime minister, , had taken or not after its dissolution the previous one. quences of money laundering, terrorist financing, predicate Rawalpindi. crimes and other abuses on the NPO sector,said a statement Presidents and members of Women transfer). The anti-graft body has ordered to money for the suspension of the agreement Bokhari said the second agreement had not freeze 96-H, Model Town – Shehbaz Sharif’s of Chaudhry Latif and Sons. been handed over to him. issued by SECP here on Tuesday. Chambers flagged the need for institu - The AML/CFT guidelines for NPOs, firstly issued in Sep - tional support to run the secretariats of the residence in Lahore. The PML-N leader’s 9- CJP questioned for the person who had for - “Did Kamran Kayani demanded Rs550 kanal home in Abbottabad has been frozen as warded the matter to the anti-corruption de - million from Fawad Hasan Fawad?” ques - tember 2018 aimed at facilitating Section 42 companies with Chambers. compliance with AML/CFT regulations 2018. The amended Dr Nishtar assured them that it will be well. Furthermore, it has also been ordered to partment. Bokhari replied that former chief tioned CJP. “No, Kayani is absconding and freeze the assets of Tehmina Durrani – one minister Shehbaz Sharif had sent the matter residing abroad nor Shehbaz Sharif is pres - version would provide NPO sector an improved understand - explored at the highest level. Women ing of risks of terrorist financing including transnational TF Chambers were briefed about the new Fi - of the wives of Shehbaz Sharif. to the department in order to pressurise ent in the court and the country,” the lawyer Another report adds: The National Ac - Chaudhry Latif and Sons to oust the company answered. CJP Khosa questioned again risk. It also explained some key concepts of TF. nancial Inclusion Policy of Ehsaas and Dr These guidelines also include major findings of Pakistan’s Sania assured them that a briefing will be countability Bureau (NAB) has taken back its from the contract. whether the former chief minister had been petition in the Supreme Court that challenged The lawyer added that the case was prima - summoned personally. Bokhari replied he National Inherent Risk Assessment on money laundering and arranged for members of the Women terrorism financing. The revised Guidelines have elaborated Chambers so that they can better under - the bail to Pakistan Muslim League Nawaz rily focused on administrative irregularities had not been summoned but the court’s ver - (PML-N) president Shehbaz Sharif in Ashi - emerged in the report of the inquiry commit - dict could be made in any direction. “It seems terrorist financing process including directions, sources and stand how to access credit through the channels of TF; and updated the criteria for assessment of vul - window of Ehsaas. In addition, they reit - ana Iqbal housing scam case. tee and the matter should be resolved there. that Ashiana housing case had made the court The Supreme Court (SC) has wrapped up He said that former Punjab CM had consti - very busy. Although the housing scheme was nerable or high-risk NPOs. The SECP’s AML/CFT guide - erated the need for support through Ex - lines are developed in a manner that these can also be adopted port Development Fund. Dr Nishtar the petition against Shehbaz Sharif filed by tuted a committee under the supervision of the not completed, however, the lawyers get the anti-corruption watchdog which sought then provincial secretary finance which de - much more from it.” Bokhari said that the by NPOs registered/licensed with provincial governments. reassured them that this will be discussed The revised Guidelines are being disseminated to provinces with the Ministry of Commerce for fur - the suspension of bail to the opposition leader clared the contract in line with the Public Pro - pleas of two approvers had been approved in a case related to the Ashiana Iqbal hous - curement Regulatory Authority (PEPRA) laws. and two were rejected. —DNA and have been placed on SECP’s website www.secp.gov.pk ther necessary action. —APP for public access. —APP VIS reaffirms Pakistan supports KL summit Pak can capture a big entity ratings of share in International Taurus Securities KARACHI: VIS Credit Rating Com - aimed at development: FM Halal food trade: LCCI By Our Staff Corresspondent of globalisation causing a civilizational and rity, higher education, science and technol - pany Limited has reaffirmed the Entity LAHORE: Pakistan Ratings (ER) of Taurus Securities Lim - cultural erosion, it was imperative for the ogy, and women empowerment. can capture a big share ited at single A/A-Two. The outlook on DOHA: Foreign Minister Shah Mehmood Muslim world to tread a cautious path. While charting the future course of KL for Pakistani products in the assigned ratings is stable. Qureshi on Tuesday said Pakistan fully sup - "We must not only make sure that we are Summit or 'Perdana Dialogue for Civiliza - the international Halal The long-term rating of "A" signifies ported the Kuala Lumpur Summit, an initia - not left behind but are able to preserve our tion', he said there was a need to be mindful food market of over $3 good credit quality with adequate protec - tive of Malaysian Prime Minister Dr unique civilizational identity, cultural per - of the perceptions and perspectives of the trillion as it has the po - tion factors. Risk may vary slightly from Mahathir Mohammad, bringing together five sonality and national sovereignty," he said. partners inside and outside of the Muslim tential and required all time to time because of economic condi - Muslim nations to achieve socio-economic Qureshi said Indonesia, Malaysia, Pak - world. resources. tions. Short-term rating of "A-2" depicts development. istan, Qatar, Iran and Turkey collectively ac - He endorsed the statement of Malaysian This was stated by the LCCI President Irfan Iqbal Sheikh good certainty of timely payment where Addressing at the second Kuala Lumpur counted for about 50 percent of the total Prime Minister Dr Mahathir that "we are not while talking to a delegation at the Lahore Chamber of Com - liquidity factors are sound and good ac - Summit Ministerial Meeting held in Qatar's GDP, 37 percent each of natural gas produc - here to challenge any existing organisation or merce & Industry. LCCI Senior Vice President Ali Hussam cess to capital markets. Previous rating capital, the Foreign Minister said the chal - tion and population, and 18 percent of the directing our cooperation against any third Asghar and Vice President Mian Zahid Jawaid Ahmad were action was announced on December 31, lenges of governance, development, climate total area of Muslim world. party." also present. The LCCI President said that volume of inter - 2018, said a press release on Tuesday. change, terrorism and rising Islamophobia, He said for the nations, situated in close The 'Perdana Dialogue', he said would not national Halal food trade is well over $3 trillion but Pakistan The assigned ratings continue to derive warranted an integrated and comprehensive proximity to the strategic maritime points of just be a think-tank or a forum for discus - has a meager share despite having all resources for becom - strength from robust profile of TSL's response. Muslim countries including Pak - the world – namely the Straits of Malacca, sions, but would also allow the participating ing market of Halal Food for the world. sponsors including National Bank of Pak - istan, Indonesia, Turkey and Qatar on the call Gulf of Oman, Strait of Hormuz, and the countries to undertake concrete projects for He said that some crucial measure by the government can istan, a state owned entity and one of the of host Malaysia are participating in the min - Bosphorus, there existed an immense poten - collaboration. help tap huge potential in this sector. He said that promotion largest commercial banks in the country, isterial meeting in Doha, prior to the main tial for collective development and shared He expressed the confidence that sharing of Halal products should be our National Agenda as it can along with manageable leverage and liq - Summit to be held in Kuala Lumpur from prosperity. of experiences, knowledge and resources give a quantum jump to the exports. It is a matter of concern uidity indicators. TSL also benefits from December 18 to 21. "We must have the requisite political and would help the participating counties in that there is no Muslim country included in top Halal food a funding line from its parent. The seven areas of focus include develop - diplomatic space to enhance beneficial coop - achieving the targets of socio-economic and exporters. However, ratings are constrained by ment and sovereignty; integrity and good eration among us for socio-economic devel - cultural development, driven by innovation He said that although Pakistan has big potential of export - weakening in brokerage sector outlook, governance; culture and identity; justice and opment," he said. and technology in a peaceful and secure en - ing Halal meat globally. With little efforts Pakistan can eas - declining value and volume of shares freedom; peace, security and defence, trade The Foreign Minister said Pakistan was vironment. "We have to create a knowledge- ily grab the international Halal food market and can triple traded and resultant pressure on TSL’s and investment and technology and Internet working on proposals for cooperation within seeking culture for our youth, who are going exports of this particular sector. Irfan Iqbal Sheikh said that profitability profile & capitalization governance. the KL Summit framework in the fields of to be the future leaders, at all levels," he the global Halal food market is becoming one of the fastest levels. —APP The Foreign Minister said with juggernaut trade, tourism, Islamic banking, food secu - added. growing markets. —Online Vast potential of tourism exists in Pakistan, says Zulfi Bukhari g 'Tourism Cities' on Egyptian model in the offing By Our Staff Corresspondent Board (NTCB) Chairman Sayed of Orascom Telecom Media and and Human Resource Develop - Zulfikar Abbas Bukhari told Technology (Egyptian Co) ment, said tourism promotion ISLAMABAD: The govern - media on Tuesday. Naguib Sawiris had recently was the top priority of Pakistan ment is working out a compre - In the first phase, he said the held meeting with Prime Minis - Tehreek-e-Insaf government and hensive plan to develop tourism cities would be devel - ter Imran Khan and expressed vowed to harness the sector’s 'Tourism Cities' in potential oped in various districts of Pun - the keenness to invest in diverse full potential. areas of Punjab and Khyber jab and Khyber Pakhtunkhwa fields like mining, tourism, low He said the federal govern - Pakhtunkhwa on the pattern of that have massive tourism po - and high cost housing units and ment, in coordination with Egypt, to substantially enhanc - tential. He specifically men - micro banking. provinces, was taking multiple ing its share in Gross Domestic tioned that Nathia Gali, Khushab “Around 2 billion dollars in - initiatives to promote these spe - Product (GDP) of the country. which would eventually be vestment is expected from the cific sites as tourist havens. Re - “We are carrying out consul - transformed into tourism cities. Egyptian company in multiple forms were being introduced in tations with an Egyptian com - To a query, he said: “One has sectors,” he added. Pakistan Tourism Development pany for materializing this to plan for 100 years when it Zulfi Bukhari, who is also Corporation (PTDC) for making ISLAMABAD: Federal Minister for Planning Development & Reform and Special Initiatives, initiative as soon as possible,” comes to tourism promotion.” Special Assistant to the Prime it more effective and result-ori - Asad Umar in a group photograph at Annual International Conference on "Sustainable National Tourism Coordination He said Executive Chairman Minister on Overseas Pakistanis ented organization, he added. Development in a Digital Society".

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