Senate Secretariat Orders of the Day
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Finance Minister Ishaq Dar's Keynote Address on Future of Pakistan Economy at Investment Conference, Islamabad 28Th October 2014
Finance Minister Ishaq Dar's Keynote Address on Future of Pakistan Economy at Investment Conference, Islamabad 28th October 2014 Ladies & Gentlemen, Assalam Alaikum and Good Morning! In June 2013, the smooth transition of power from one elected government to another elected one was indeed unprecedented in Pakistan’s history. This led to a new beginning for a country which has seen too many martial laws and intermittent disruptions of democratic orders. The unequivocal verdict given by the people of Pakistan in a most transparent, free and fair General Election 2013 in favour of the leadership of Mian Muhammad Nawaz Sharif and his party PML(N) has seen the transformation of the country into new dimensions of economic development. We have promised to the nation that we will not disappoint it. Pakistan today is way ahead of where it was in June 2013 - just 16 months back. Challenges faced by the government When we took the responsibility of the government, the economy was weak and fragile. The growth rate had averaged less than 3% since 2008-09 - significantly below our potential. Inflation had averaged around 12% per annum in five years while national reserves dropped below US$ 8 billion (SBP US$ 2.8 billion in February 2014). International predictions were that Pakistan will default in June 2014. Circular debt of Rs. 503 billion was crippling the power sector and the economy. Investment-to-GDP ratio was declining continuously and had reached 12.6%, tax-to-GDP ratio had declined to 8.5% while the projected fiscal deficit for 2012-13 was 8.8%. -
Senate Secretariat
SENATE SECRETARIAT ORDERS OF THE DAY for the meeting of the Senate to be held at 10:30 a.m. on Friday, the 17th February, 2017. 1. Recitation from the Holy Quran. QUESTIONS 2. Questions entered in a separate list to be asked and answers given. CONSIDERATION OF ADMISSIBILITY OF ADJOURNMENT MOTIONS 3. Admissibility of the following Adjournment Motions will be determined:- (i) Adj. Motion No. 1 (4-259/2017-M), notice given of by Senator Mian Muhammad Ateeq Shaikh to discuss the decision of the Economic Coordination Committee (ECC) to extend the imposition of ten paisa per unit surcharge for another one and half year for Neelum Jhelum Hydropower Project. (ii) Adj. Motion No. 2 (13 & 18-259/2017-M), notices given of by Senators Mohammad Azam Khan Swati and Sassui Palijo to discuss the arbitrary decision of Trump administration Clubbed regarding the imposition of travel ban to the USA for the citizens of seven Muslim countries. (iii) Adj. Motion No. 3 (16-259/2017-M), notice given of by Senator Mir Kabeer Ahmed Muhammad Shahi to discuss the consumption of contaminated water throughout the country causing number of diseases. CALLING ATTENTION NOTICE 4. SENATORS SALEEM MANDVIWALLA, SHAHI SYED, MIR MUHAMMAD YOUSAF BADINI AND MUHAMMAD YOUSAF to draw attention of the Minister In-charge of the Aviation Division towards the transfer of employees of Pakistan International Airline Corporation (PIAC) to its subsidiary company, Pakistan Airways Limited (PAL). REPORTS OF THE STANDING COMMITTEE - PRESENTATION OF: 5. SENATOR MUHAMMAD TALHA MAHMOOD, Chairman, Standing Committee on Cabinet Secretariat, to present report of the Committee on the subject matter of Point of Public Importance raised by Senator Farhatullah Babar on 20th December, 2016, regarding fate of Area Study Centre, Islamabad. -
February 2018 Volume 09 Issue 02 Promoting Bilateral Relations | Current Affairs | Trade & Economic Affairs | Education | Technology | Culture & Tourism ABC Certified
Monthly Magazine on National & International Political Affairs, Diplomatic Issues February 2018 Volume 09 Issue 02 Promoting Bilateral Relations | Current Affairs | Trade & Economic Affairs | Education | Technology | Culture & Tourism ABC Certified “Publishing from Pakistan, United Kingdom/EU & will be soon from UAE , Central Africa, Central Asia & Asia Pacific” Member APNS Central Media List A Largest, Widely Circulated Diplomatic Magazine | www.diplomaticfocus.org | www.diplomaticfocus-uk.com | Member Diplomatic Council /diplomaticfocusofficial /DFocusOfficial will benefit President of Indonesia H.E. Ir. H. Joko Widodo February 2018 Volume 09 Issue 02 “Publishing from Pakistan, United Kingdom/EU & will be soon from UAE ” 08 18 24 40 08 Conflicts & wars will benefit no one: President Mamnoon Hussain and President of Indonesia Ir. President of Indonesia H. Joko Widodo have agreed to work together for peace in Afghanistan and said that peace in Afghanistan is necessary for the development and progress of the region. Both countries will work together in this regard 18 Nishan-i-Imtiaz (Military) to Commander On the occasion, the President said that Pakistan and Saudi Royal Saudi Naval Forces Vice Admiral Arabia are the closest friends and the depth of their relationship Fahad Bin Abdullah Al-Ghofaily is difficult to describe in words. 24 CPEC most important initiative of our Prime Minister Shahid Khaqan said that the China Pakistan generation: PM Abbasi Economic Corridor (CPEC) is the most important initiative of our generation. “This is perhaps the most important initiative of our generation and the most visible part of the Belt and Road Initiative,” he said while addressing the inauguration ceremony of the first-ever International Gwadar Expo. -
Pakistan: the Heat Is on September 2017
PAKISTAN: THE HEAT IS ON SEPTEMBER 2017 As we noted earlier this year (Pakistan: Banking on Reform, May 2017), Pakistan has been a successful investment outpost for our Frontier Markets Equity strategy since its inception in 2014. We often ran an overweight position in this market over this period, in what was a positive transformative phase for the Pakistani economy. This culminated in the 2016 announcement from MSCI that the country would be reclassified as an Oliver Bell emerging market – which occurred in May this year. Portfolio Manager, Frontier Markets Equity The overwhelming majority of our positions in Pakistan have since been offloaded, Strategy as the investment thesis on these positions played out – largely due to the strong rise for the market in the lead-up to its entrance to the MSCI Emerging Markets Index. However, as we noted in our earlier update, risks have been building in the country – in both the economic and political spheres. Unfortunately, our concern was warranted, with the country’s stock market sliding in recent weeks on a number of significant negative developments. Malik Sarmad Asif Equity Analyst DETERIORATING ECONOMIC CONDITIONS While GDP growth recently came in at a 10-year high1 – largely due to the China– Pakistan Economic Corridor – the broad economic picture in Pakistan is deteriorating. Firstly, Pakistan’s current account deficit more than doubled to US$12.1bn in the year ended 30 June, largely as a result of an overvalued rupee.2 Since peaking last October, foreign reserves have also fallen by a quarter to US$14.3bn.3 The country also faces a twin deficit, with the fiscal deficit blowing out to 6% – far higher than the government anticipated.4 1 Source: State Bank of Pakistan 2 Source: State Bank of Pakistan 3 Source: State Bank of Pakistan 4 Source: Dawn, 6 September 2017 FOR INVESTMENT PROFESSIONALS ONLY. -
1St CABINET UNDER the PREMIERSHIP of SYED YOUSAF RAZA GILLANI, the PRIME MINISTER from 25.03.2008 to 11.02.2011
1st CABINET UNDER THE PREMIERSHIP OF SYED YOUSAF RAZA GILLANI, THE PRIME MINISTER FROM 25.03.2008 to 11.02.2011 S.NO. NAME WITH TENURE PORTFOLIO PERIOD OF PORTFOLIO 1 2 3 4 SYED YOUSAF RAZA GILLANI, PRIME MINSITER, 25.03.2008 to 11.02.2011 FEDERAL MINISTERS 1. Chaudhry Nisar Ali Khan i) Communication and 31.03.2008 to 13.05.2008 Senior Minister ii) Inter Provincial Coordination 08.04.2008 to 13.05.2008 31.03.2008 to 13.05.2008 iii) Food Agriculture & Livestock (Addl. Charge) 31.03.2008 to 13.05.2008 2. Makhdoom Amin Fahim Commerce 04.11.2008 to 11.02.2011 03.11.2008 to 11.02.2011 3. Mr. Shahid Khaqan Abbassi, Commerce 31.03.2008 to 12.05.2008 31.03.2008 to 12.05.2008 4. Dr. Arbab Alamgir Khan Communications 04.11.2008 to 11.02.2011 03.11.2008 to 11.02.2011 5. Khawaja Saad Rafique i) Culture 31.03.2008 to 13.05.2008 31.03.2008 to 13.05.2008 ii) Youth Affairs (Addl. Charge) 31.03.2008 to 13.05.2008 6. Chaudhry Ahmed Mukhtar i) Defence 31.03.2008 to 11.02.2011 31.03.2008 to 11.02.2011 ii) Textile Industry 15.04.2008 to 03.11.2008 iii) Commerce 15.04.2008 to 03.11.2008 7. Rana Tanveer Hussain Defence Production 31.03.2008 to 13.05.2008 31.03.2008 to 13.5.2008 8. Mr. Abdul Qayyum Khan Jatoi Defence Production 04.11.2008 to 03.10.2010 03.11.2008 to 03.10.2010 9. -
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April 2018 Volume 09 Issue 04 “Publishing from Pakistan, United Kingdom/EU & Will Be Soon from UAE ”
April 2018 Volume 09 Issue 04 “Publishing from Pakistan, United Kingdom/EU & will be soon from UAE ” 10 22 30 34 10 President of Sri Lanka to play his role for His Excellency Maithripala Sirisena, President of the early convening of the SAARC Summit in Democratic Socialist Republic of Sri Lanka visited Pakistan Islamabad on the occasion of Pakistan Day. He was the guest of honour at the Pakistan Day parade on 23rd March 2018. 22 Economic Cooperation between Russia & On May 1, 2018 Russia and Pakistan are celebrating the 70th Pakistan Achievements and Challenges anniversary of establishing bilateral diplomatic relations. Our countries are bound by strong ties of friendship based on mutual respect and partnership, desire for multi-faceted and equal cooperation. 30 Peace with India is possible only after Pakistan has eliminated sanctuaries of all terrorists groups Resolving Kashmir issue: DG ISPR including the Haqqani Network from its soil through a wellthought- out military campaign, said a top military official. 34 Pakistanis a land of Progress & While Pakistan is exploring and expediting various avenues of Opportunities… development growth, it has been receiving consistent support from United Nations. 42 78th Pakistan Resolution Day Celebrated 42 The National Day of Pakistan is celebrated every year on the 23rd March to commemorate the outstanding achievement of the Muslims of Sub-Continent who passed the historic “Pakistan Resolution” on this day at Lahore in 1940 which culminated in creation of Pakistan after 7 years. 06 Diplomatic Focus April 2018 RBI Mediaminds Contents Group of Publications Electronic & Print Media Production House 09 New Envoys Presented Credentials to President Mamnoon Hussain Group Chairman/CEO: Mian Fazal Elahi 10 President of Sri Lanka to play his role for early convening of the SAARC Chief Editor: Mian Akhtar Hussain Summit in Islamabad Patron in Chief: Mr. -