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Pakistan Supports KL Summit Aimed at Development: FM NAB

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Pakistan Supports KL Summit Aimed at Development: FM NAB 12 Operational test run of Metro LHC issues stay order on ghee train on 10th prices set by govt By Our Staff Correspondent The LAHORE: The Lahore High Court (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 Pakistan, 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 Rawalpindi 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, Nawaz Sharif, 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.
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