Author: MediaLine Pakistan

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Punjab governor vows to provide clean drinking water to masses

Punjab Governor Chaudhry Muhammad Sarwar has said that it is his mission to provide clean and safe drinking water to the people of Punjab.

Addressing a ceremony in Lahore on Tuesday, he said that Sarwar Foundation has installed two hundred water filtration plants across the province.

He said that water contamination causes serious health problems, particularly for women and children.

The Governor said that philanthropists and non-governmental organizations have played a vibrant role for provision of clean drinking water to the masses.

Source: Radio Pakistan

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Lady Diana remembered on her 24th death anniversary

Twenty-fourth death anniversary of Princess of Wales Lady Diana was observed on Tuesday.

She died in a car crash in Paris at the age of 36.

Her unexpected and sudden death had stunned her millions of fans across the globe.

The fans of Diana visit to place flowers and messages at the ornate Golden Gates of her former London home each year.

Source: Radio Pakistan

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NSS Net Savings Turn Negative for the First Time in 16 Years

Outflows from the National Savings Schemes have exceeded inflows for the first time in 16 years.

The net savings under the National Savings Schemes (NSS) totaled negative Rs. 317.25 billion in FY 2021, according to data released by the State Bank of Pakistan (SBP).

This followed positive net savings of Rs. 370.92 billion in FY 2020, which was the second-highest total in a 17-year period.

Additionally, this was the first time investors have made more withdrawals than deposits since FY 2004. They had pulled Rs. 123.78 billion from the scheme in June 2021 alone.

The only significant source of the net inflows were regular income certificates that brought in Rs. 26.70 billion.

The outflows associated with prize bonds came in at Rs. 290.40 billion in FY 2021, while those in defense savings certificates were recorded at Rs. 9.00 billion. They may reflect the implementation of more stringent rules to prevent money laundering and to assess customer risk, according to analysts cited by Dawn News.

It quoted the Pakistan-Kuwait Investment Company’s Head of Research, Samiullah Tariq, as saying that “the government imposed stricter KYC rules amid growing pressure from the Financial Action Task Force (FATF), which left the biggest negative impact on fund mobilisation”.

The FATF is an international money laundering and terrorist financing watchdog that granted Pakistan compliance approval in 35 of 40 recommendations in August.

This focus on transparency has discouraged investors from using the NSS, Tariq remarked.

Additionally, the introduction of a registration requirement for higher denomination prize bonds and the ban on financial institutions to deposit money in the NSS may also have contributed to losses.

The government had also increased the applicable tax on the NSS profits by up to 50 percent from July 2021 in order to raise the tax rate on the profits of filers to 15 percent from 10 percent, and that on non-filers to 30 percent from 20 percent.

Analysts expect reduced NSS inflows in FY 2022 as well on the back of these reforms.

The NSS is run by the Central Directorate of National Savings (CDNS) and offers rates of return that are pegged to the cut-off yields on government bonds and treasury bills. This removes banks as intermediaries, and provides people higher returns on savings.

Source: Pro Pakistani

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JETEX NAMED OFFICIAL FBO OF DUBAI AIRSHOW 2021

Dubai, United Arab Emirates, Aug. 30, 2021 (GLOBE NEWSWIRE) — For the fourth consecutive time, Jetex will be the Official FBO of the Dubai Airshow, taking place on 14-18 November 2021 at Dubai World Central (DWC). The airshow is set to be a landmark event for the aviation industry preparing for post COVID-19 era.

Jetex, an award-winning global leader in executive aviation, is once again honored to be presented the opportunity to take the lead within such a prominent event held in the United Arab Emirates, showing its trust, respect and commitment for the region. The Dubai Airshow is closely connected with the history of the company: Jetex made its debut during the Dubai Airshow back in 2005.

Today, the Dubai Airshow has evolved to become one of the largest and most important aerospace events in the world. Complete with never-before-seen features, a captivating display of the most advanced aircraft along with unrivalled networking opportunities, the five-day airshow is the premier live and in person aerospace event happening this year. It will take place at its purpose-built venue at DWC, Dubai Airshow Site, easily accessible from Dubai and Abu Dhabi, and only a few minutes away from the World Expo 2020, taking place at the same time – a celebration of the UAE Vision 2021, with 182 days to collaborate, innovate and marvel at what humanity can accomplish together.

Jetex VIP Terminal will host a special networking program across its luxurious lounges with plenty of opportunities to socialize, entertain and enjoy the art of Jetex hospitality. Guests will be invited to experience signature elements of the Jetex private terminal concept designed with both passengers and crew in mind.

“We are pleased to once again be part of the prestigious Dubai Airshow. Throughout the health crisis, Jetex continued to facilitate travel and it was an unprecedented learning experience for all of us. Today, we are stronger than ever and eager to share our expertise with our clients and partners, as we congregate at the biggest aviation industry event of 2021”, said Adel Mardini, Founder & CEO of Jetex, who is also a Member of the Dubai Airshow Advisory Board.

The Dubai Airshow is a special time for every company, providing an occasion to meet key players in the aerospace industry, seize fresh commercial opportunities, present expertise and innovations to the world, and form technological and industrial partnerships. The airshow participants who visit Jetex VIP Terminal will have the opportunity to meet representatives of all Jetex divisions, including FBO Network, Fuel Service, Trip Planning, Premier Experience and Aircraft Sales.

Commenting on the partnership, Timothy Hawes, Managing Director of Tarsus Aerospace added: “Jetex has a well-deserved reputation in the industry and we are delighted to partner with them once again as the official FBO for the Dubai Airshow to facilitate travel and support our esteemed guests at the event.”

The 2021 edition of the Dubai Airshow looks extremely promising as it reflects the dynamic energy of an ever-growing industry now laying the foundations for the aviation of the future, and Jetex VIP Terminal at DWC looks forward to be a welcoming haven to all airshow participants.

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn.

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Oleg Kafarov – Director of Portfolio Development & Corporate Communications

Jetex
+971 4 212 4900
teamorange@jetex.com
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Vaccination is only way to get rid of COVID-19: Dr. Yasmin

Punjab Minister for Primary and Secondary Healthcare Dr. Yasmin Rashid says vaccination is the only way to get rid of COVID-19.

Addressing a news conference in Rawalpindi on Monday, she said government is taking steps to ensure the vaccination of the people.

Dr Yasmin Rashid said Punjab government is managing vaccination process at micro level by vaccinating people in small towns and areas.

Source: Radio Pakistan

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Govt making efforts for development of Islamabad: Ali Nawaz

Special Assistant on CDA Affairs Ali Nawaz Awan says government is making efforts for the development of Islamabad.

Addressing a news conference in Islamabad on Monday, he said fifty million rupees have been spent for re-carpeting of the roads of the capital.

He said there are no complaints of water shortage and missing street lights in Islamabad.

Source: Radio Pakistan

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PM directs to finalize new SME policy to provide incentives to small business owners

Prime Minister Imran Khan has directed to finalize the new SME policy to provide incentives and facilities to small business owners under the government’s Ease of Business Policy.

Chairing a review meeting on the promotion of small and medium businesses, in Islamabad on Monday, the Prime Minister said small industries have been neglected in the past while our government is focused on providing facilities to them.

The meeting was informed that small and medium enterprises account for 40 percent of the total GDP of Pakistan.

It was apprised that Loans will be provided to small and medium enterprises under the supervision of State Bank of Pakistan and special attention is being paid to the business related to the information technology sector.

It was also informed that all stakeholders have been consulted in detail so that there is no loopholes in the policy.

Source: Radio Pakistan

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