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PM directs to abolish around 150 licences required for...

January 21, 2020: Prime Minister Imran Khan has directed to abolish around one hundred and fifty licenses required for various business activities at the local level. 

Chairing a meeting on licensing regime in the provinces in Islamabad today, he also directed the provincial governments to eliminate seventy-four different licenses of this nature.

Imran Khan directed to simplify the process for necessary licenses and introduction of the automated system by employing modern technology.

The Prime Minister expressed concern on the complex licensing regime and said the requirement of licenses for the businesses of grocery, cloth and bakery is equal to creating difficulties for the common man.

He also emphasized to complete the process of eliminating unnecessary licenses in thirty days.

Talking a delegation of newly elected presidents of Chambers of Commerce and Industries from across the country in Islamabad, Imran Khan said the government has decided to make Pakistan an industrial power and it will provide all possible assistance to help industrialists.

The prime minister appreciated the delegation's keen interest in investing in information technology, halal food and pharmaceutical sectors and issued directions to relevant ministries to provide all possible facilities in this regard.

The Prime Minister directed the FBR Chairman to hold himself an open house every Monday to listen and address problems of industrialists.

Radio Pakistan

US lauds Pakistan’s efforts in compliance with FATF

January 21, 2020: The United States has appreciated Pakistan's efforts in compliance with the Financial Action Task Force.

The appreciation was made during a meeting between Interior Minister Brig (R) Ijaz Ahmad Shah and Acting Assistant Secretary of State Alice Wells in Islamabad.

The US delegation was about the briefed significant progress on both legislative and administrative matters. It was informed that the execution process has also been completed to a greater extent in this regard.

Referring to the issue of illegal immigrants, the Interior Minister said the government has successfully managed to streamline the process to curb the menace.

Alice Wells also lauded the steps taken by Pakistan on the matter of illegal immigrants.

The two sides agreed to work together for enhancing the bilateral ties.

Radio Pakistan

SBP to Conduct 3 Day OMO

Jan 21, 2020 (MLN): The State Bank of Pakistan (SBP) announced that it will conduct a 3 day OMO to inject funds into the market.

Quotes timing is: 10:30 PST while result will be announced at: 11:00 PST

Settlement is same day - January 21, 2020


Copyright Mettis Link News

SBP gets new Deputy Governor

January 21, 2020 (MLN): The Federal Government has appointed Mr Murtaza Syed as Deputy Governor of State Bank of Pakistan (SBP), for a period of three years with immediate effect.

The newly appointed Mr Murtaza Syed is currently the second such appointment after the state bank’s Governor Reza Baqir, who had served IMF at different positions. He was a Deputy Division Chief in the IMF Strategy, Policy and Review Department. He joined the Fund in 2004 and has previously worked in the Fiscal Affairs and Asia and Pacific Departments.

Prior to his current assignment, he was the IMF Deputy Resident representative in China. He has been involved in IMF programmes and surveillance of various emerging markets and advanced economies including Colombia, Cyprus, the Euro Area, Korea and Japan.

His analytical work has covered macro-financial linkages, fiscal and monetary policy, financial crises, investment, demographics and inequality.

Copyright Mettis Link News  

PM pledges to remove all hurdles for conducive environment...

January 21, 2020: Prime Minister Imran Khan has pledged to provide a conducive environment to the business community by removing all hurdles in the way business and profitable activities.

Addressing the business community in Islamabad, he said the government is working to promote industries in the country as the dream of a developed Pakistan cannot be materialized without this.

Welcoming the MoU between the government and business community, Imran Khan urged them to pay due to taxes for the development of the country.

He said Pakistanis are one of the least tax-paying nations. The country would not progress unless the people, including the business community, realize the fact.

Prime Minister Imran Khan has said that the government is taking bold steps to ensure ease of doing business in the country.

He said due to initiatives taken by the government, the prices of food items will decrease in the coming days.

Radio Pakistan

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