Connect with us

Business

Pakistan’s tax collection, exports surging: Hammad Azhar

As per federal minister, country’s tax collection and exports are increasing as a result of better policies. 

Published

on

Pakistan’s tax collection, exports surging: Hammad Azhar
GNN Media: Representational Photo

Islamabad: Minister for Energy Hammad Azhar Saturday said that Pakistan Tehreek-e-Insaf (PTI) government has introduced historic reforms in different sectors including energy to take forward the country. 

While addressing a news conference, the minister said this process of reforms will continue in the months and years ahead in order to ensure sustainable development.

As per federal minister, country’s tax collection and exports are increasing as a result of better policies. 

“We target to collect six thousand billion rupees in taxes during the current fiscal year whilst our exports and remittances each will touch thirty billion dollars,” he said.

The Minister for energy further added that the government is focusing on improving the electricity transmission system. 

“70-80 % electricity will be produced from indigenous resources by 2030,” he stated, adding that the concerned authorities have started work on construction of ten dams. 

“Our gas reserves are depleting and we have to look for various options to meet the domestic requirements,” the minister pointed out.

 

Mehak Javed

Mehak Javed is immensely creative and an enthusiastic journalist, contributing in the publication of timely and accurate news. She is a skilled writer along proven history of achievement in the field with several years of professional experience. Mehak is working with GNN since 2020.

World

Job market recovery likely to slow in 2022 due to new Covid variants: ILO

There would be an even bigger deficit in working hours in 2022 than it previously estimated

Published by Faisal Ali Ghumman

Published

on

Job market recovery likely to slow in 2022 due to new Covid variants: ILO

London: The United Nations’ International Labour Organization has warned that job market recovery from the Covid-19 pandemic looks set to slow in 2022.

In its 2022 World Employment and Social Outlook trends report, published Monday, the ILO forecast that the number of hours worked globally in 2022 would be 1.8% lower than in the fourth quarter of 2019, just before the onset of the pandemic.

The ILO forecast that there would be an even bigger deficit in working hours in 2022 than it previously estimated. It projected that the fall in global working hours this year would now be the equivalent of losing 52 million full-time jobs, nearly double the 26 million it previously forecast in May 2021.

Guy Ryder, ILO director-general, said in a press briefing ahead of the release of the report on Monday that this “downside readjustment is quite considerable.”

Ryder said that there were a number of reasons behind the expected slowdown in the labor market recovery, including the spread of new Covid variants, such as delta and omicron.

The ILO expected the labor market recovery to remain weak through 2023.

Ryder said that the far-reaching changes to economic and social behavior brought on by the Covid crisis had reduced the demand for, and the supply of, labor. He said that the ILO expected this trend to continue for “as long as the pandemic itself remains uncontrolled.”

The ILO estimated that global unemployment is expected to reach 207 million in 2022, versus 186 million reported in 2019.

Ryder said that to be “sustainable this recovery must be based on the principles of decent work, employment creation, labor rights, social protection and social dialogue.”

He referred to the guidance that was offered in the ILO’s call-to-action, that was adopted by its 187 member states in June 2021. For example, the ILO suggested that states should provide incentives to employers to retain workers, such as shorter working weeks.  

SOURCE: CNBC

Continue Reading

Sports

10 members of PCB staff members test positive for coronavirus

The cricket board has already administered the booster dose of the coronavirus vaccine to its staff

Published by Faisal Ali Ghumman

Published

on

10 members of PCB staff members test positive for coronavirus

Lahore: The Pakistan Cricket Board (PCB) on Monday has confirmed 10 positive cases of COVID-19 among its staff members.

According to an official statement released by the board in this regard, five members of the PCB staff, while five ground employees have tested positive for the virus.

The infected members have been isolated after their tests came positive, the board said in the statement, adding that the tests were conducted last week.

It is pertinent to mention here that the cricket board has already administered the booster dose of the coronavirus vaccine to its staff.

The PCB has said that all coronavirus standard operating procedures (SOPs) will be followed and all meetings will be virtual, while the staff will strictly abide by the protocols.

Continue Reading

Regional

Four killed, several injured in Bahawalpur road accident

According to preliminary details, the ill-fated auto was carrying school children.  

Published by Mehak Javed

Published

on

Four killed, several injured in Bahawalpur road accident

Bahawalpur: In an unfortunate incident, four students were killed while several others sustained injuries following a horrific collision between a troller and auto near Musafir Khana in District Bahawalpur. 

Police and rescue teams reached the spot after getting information and shifted the deceased and injured to Bahawal Victoria Hospital.

According to preliminary details, ill-fated auto was carrying school children.  

Police, however, started an investigation into the incident as the driver of troller fled from the scene. 

Continue Reading

Trending