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PM removes Aurangzeb from ECNEC chairmanship | The Express Tribune

Published

3 مہینے ago

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ISLAMABAD:

Prime Minister Shehbaz Sharif on Friday removed Finance Minister Muhammad Aurangzeb from the chairmanship of yet another important body responsible for economic decision-making, named the Executive Committee of the National Economic Council (Ecnec).

The PM has himself kept the chairmanship of Ecnec after attempts to make Deputy Prime Minister and Foreign Minister Ishaq Dar the head of the committee. However, Dar was included as a member of Ecnec.

The Cabinet Division notified the composition of Ecnec – a committee of the National Economic Council (NEC), which is mandated to take decisions on economic and development plans.

PM Sharif will be the chairman of Ecnec and its members will be Ishaq Dar, Muhammad Aurangzeb and Planning Minister Ahsan Iqbal.

In order to include the PM and the foreign minister, the minister for communication and the minister for commerce have been excluded from the committee. Ecnec has a total of eight members – four from the centre and one each from four provinces. It is the second time when Aurangzeb has been denied the right to act as the chairman of an important economic decision-making body. Earlier, the PM made Dar the chairman of the Cabinet Committee on Privatisation.

When contacted, Dar said that he was not interested in becoming the chairman of Ecnec.

However, he has been advising the government on many important economic matters. The PM had also desired that Dar should accompany the economic team during a briefing to the military authorities on the budget and the International Monetary Fund (IMF) programme. But Dar skipped the briefing.

Earlier, the PM retained the chairmanship of the Economic Coordination Committee (ECC). But after a story published in The Express Tribune, he returned the chairmanship to Aurangzeb.

When contacted, Planning Minister Ahsan Iqbal said that it would not be for the first time that the PM would chair Ecnec meetings. He said that in the past Shahid Khaqan Abbasi as the prime minister had chaired Ecnec meetings.

The Cabinet Division also notified the four members of Ecnec from the federating units. Marriyum Aurangzeb, Senior Minister for Planning from Punjab, was notified as Ecnec member.

From Sindh, Jam Khan Shoro, from Khyber-Pakhtunkhwa, Adviser to Chief Minister Muzammil Aslam and from Balochistan, Finance Minister Shoaib Nosherwani were made Ecnec members.

Ecnec has the mandate to approve mega development projects of Rs10 billion or more. In its maiden meeting, Ecnec is expected to take up the $6.7 billion Mainline-I railway project, $2 billion Karakoram Highway project along with other mega schemes approved by the Central Development Working Party (CDWP) but awaiting the final nod of Ecnec.

Sources said that the finance ministry was not in favour of allocating more than Rs1 trillion for the federal development spending in the next fiscal year. However, after intervention by the PM, the amount was first increased to Rs1.5 trillion and then adjusted to Rs1.4 trillion.

The additional Rs400 billion forced the finance ministry to suggest an equal amount of additional taxation measures that led to the politically unpopular decisions of increasing the tax burden on the salaried class, slapping 18% tax on the sale of milk, increasing the tax on cement and imposing excise duty on homes, plots and plazas.

Although the finance minister will be a member of Ecnec, he would not be having the final say in matters that will have serious implications for the budget.

There has been a tendency in the Planning Commission to approve mega projects without due diligence. Ecnec is a check on such decisions.

The government has allocated 19% of the next fiscal year’s development budget for the new development schemes.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

8 گھنٹے ago

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ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

Published

9 گھنٹے ago

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ستمبر 20, 2024

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

10 گھنٹے ago

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ستمبر 20, 2024

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

 

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Gold prices reach historic high in Pakistan – Pakistan Observer

Published

11 گھنٹے ago

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ستمبر 20, 2024

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