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Dr . Arif Alvi visits the National Museum of Pakistan, Karachi

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President Dr. Arif Alvi has urged the need to prepare upgradation plan to uplift National Museum in accordance with modern facilities. He said that National Museum should establish revitalization and paper conservation laboratory and digitalisation centre on modern lines.

He gave these remarks while visiting National Museum of Pakistan Karachi where he was briefed about the objective, status and future upgradation plan of the museum. The President reiterated the government’s determination to upgrade the museum and its building to attract more visitors. He said that Pakistan had rich history and was home to great Indus and Gandhara civilisations of the world.

National Museum of Pakistan Karachi.

The President was apprised of Museum’s history and that since its establishment in 1950 over 97,000 inventories of record of land i.e Prehistoric, Protohistoric, Late Harappan, Gandhara and others have been preserved and put on display in ten spacious galleries of the museum. The President expressed satisfaction over the steps being taken for the preservation of rich history and culture of Pakistan.

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Joint Statement for the visit of the Prime Minister of the Islamic Republic of Pakistan to the Kingdom of Saudi Arabia

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On the kind invitation, extended by His Royal Highness, Crown Prince, Deputy Prime Minister and Minister of Defence, the Prime Minister of the Islamic Republic of Pakistan, His Excellency Mr. Imran Khan paid an official visit to the Kingdom of Saudi Arabia on 7-9 May 2021, corresponding to 25-27 Ramadan 1442/AH. His Royal Highness, the Crown Prince, warmly welcomed the Prime Minister of Pakistan.

2.The two leaders reaffirmed the historical and fraternal ties between the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan, reviewed all facets of bilateral cooperation and discussed regional and international issues of mutual interest. The two sides discussed ways to strengthen relations of the two brotherly countries in all fields, and agreed to intensify contacts and cooperation between government officials and the private sector in the two countries with the aim of promoting bilateral relations to the benefit of both countries.

3.His Excellency Prime Minister Imran Khan praised the leadership role of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in promoting Islamic unity, and the positive role of the Kingdom in resolving the issues facing the Islamic world, as well as its endeavours for regional and international peace and security.

4.The Prime Minister recalled his visits to the Kingdom in 2018 and 2019, as well as the historic visit of His Royal Highness, the Crown Prince, Deputy Prime Minister, Minister of Defence to Pakistan in February 2019, during which the two leaders jointly announced the launch of the Saudi-Pakistan Supreme Coordination Council, to further enhance bilateral cooperation based on mutual trust, benefits and common interests of the two countries. The Crown Prince assured the Prime Minister of the Kingdom’s continued support to Prime Minister’s vision to transform Pakistan into a modern developed and welfare state.

5.The two sides discussed ways to strengthen and enhance economic and trade relations by exploring areas of investment and opportunities available in light of the Kingdom’s 2030 vision and Pakistan’s development priorities emanating from a shift from geo-politics to geo-economics. The discussions also focused on increasing cooperation in other fields, including energy, science, technology, agriculture and culture. Both sides expressed satisfaction at existing cooperation in bilateral military and security relations, and agreed to further augment collaboration and cooperation to achieve mutually agreed goals.

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6.The two leaders also discussed issues pertaining to the Islamic world. They stressed the need for concerted efforts by the Muslim countries to confront extremism and violence, reject sectarianism, and strive to achieve international peace and security. They also stressed the importance of continuing joint efforts to combat terrorism, in all its forms and manifestations. They reaffirmed that terrorism cannot and should not be associated with any religion, nationality, civilization, or ethnic group.

7.In the constructive spirit of discussions, the two sides reaffirmed their full support for all the legitimate rights of the Palestinian people, especially, their right to self determination and establishment of their independent state with pre-1967 borders and East Jerusalem as its capital, in accordance with the Arab Peace Initiative and relevant UN resolutions. They also expressed their support for political solutions in Syria and Libya, as well as the efforts of the United Nations and its envoys in this regard.

8.The two sides also stressed the importance of supporting efforts to reach a comprehensive political solution to the conflict in Yemen based on the Gulf Initiative and its implementation mechanism, the outcomes of the comprehensive national dialogue, and the relevant Security Council resolutions, including Resolution (2216). They condemned the attacks of terrorist groups and militias, including Houthi militias, by ballistic missiles and drones on the territory of the Kingdom of Saudi Arabia against vital installations and civilian objects. They expressed serious concern at the threats posed to the security of oil exports and the stability of energy supplies, which was vital for the progress and development of the region and its peoples. The Prime Minister praised the role of Kingdom of Saudi Arabia for the resolution of crisis in Yemen which aims at achieving peace and security in Yemen which will result in prosperity and development of the region and its people.

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9.Discussing the situation in Afghanistan, the Crown Prince acknowledged Pakistan’s facilitative role in the Afghan peace process. The two sides, underlining that an inclusive, broad-based and comprehensive political settlement is the only way forward, urged the Afghan parties to realize the historic opportunity for achieving a political settlement in Afghanistan. The two leaders agreed to continue mutual consultations on the Afghan peace process.

10.Pakistan and Saudi Arabia agreed to continue supporting each other at multilateral fora. They agreed to further deepen coordination and cooperation to safeguard mutual interests and uphold the principles of fairness and justice. The two sides also stressed the importance of the commitment by all States to the United Nations Charter, the principles and decisions of international legitimacy, as well as adherence to the principles of good neighbourly relations, respect for the unity and sovereignty of states, non-interference in their internal affairs, and the endeavour to resolve disputes by peaceful means.

11.His Royal Highness, the Crown Prince, welcomed the recent understanding reached between the military authorities of Pakistan and India regarding ceasefire at the Line of Control (LoC), which is based on a 2003 understanding between Pakistan and India. The two sides emphasized the importance of dialogue between Pakistan and India to resolve the outstanding issues between the two countries, especially Jammu and Kashmir dispute, to ensure peace and stability in the region.

12.The Prime Minister congratulated the government of the Kingdom of Saudi Arabia for successfully organizing and holding the G20 summit meetings and the positive decisions that resulted from it in economic, developmental, environmental, health, energy and other fields.

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13.Acknowledging the leading role of the Kingdom in addressing international issues, in particular the challenge posed by climate change, the Prime Minister welcomed “the Saudi Green and Middle East Green Initiatives” launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud and hoped that the initiatives will have a positive impact on the region, its inhabitants and beyond. The Crown Prince appreciated the Prime Minister’s “Clean and Green Pakistan” initiative, as well as the successful “10 Billion Tree Tsunami” initiative.

14.The Prime Minister appreciated the efforts of the Kingdom and its leadership in serving the Two Holy Mosques, their pilgrims, Umrah performers and visitors, especially in organizing the Hajj season for the past year 1441 AH, despite the challenges posed by the Corona pandemic.

15.In order to further strengthen and diversify bilateral relations, the following agreements and Memoranda of Understanding were signed; i. Agreement on Establishment of Saudi-Pakistan Supreme Coordination Council (SPSCC); ii. MoU in Combating Illicit Traffic in Narcotics, Drugs, Psychotropic Substances and Presursor Chemicals; iii. Framework MoU between SFD and Islamic Republic of Pakistan for financing projects in Energy, Hydropower Generation, Infrastructure, Transport & Communication and Water Resource Development; iiii. Cooperation Agreement in the Field of Combating Crimes; and v. Agreement on Transfer of Convicted Prisoners.

16.The Prime Minister expressed gratitude and offered his best wishes to His Majesty King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, His Royal Highness Crown Prince Muhammad bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defence, and the brotherly people of the Kingdom of Saudi Arabia. His Royal Highness the Crown Prince warmly reciprocated with best wishes for the health and wellbeing of the Prime Minister, and prayers for the progress and prosperity of the brotherly people of the Islamic Republic of Pakistan.

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Digital

Karachi-based digital bookkeeping startup, CreditBook raises $1.5 million in seed funding

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The Karachi-based digital bookkeeping startup CreditBook, which is trying to ensure that tracking of transactions goes digital, has announced that it has raised US$1.5 million in seed funding from international and local investors.

Key investors included Pakistan’s BitRate Venture Capital, VentureSouq from the United Arab Emirates, US-based Better Tomorrow Ventures, Ratio Ventures, Quiet Capital, Toy Ventures, and i2i Ventures.

Established in June 2020 by Hasib Malik, Iman Jamall, and Hisham Adamjee, CreditBook strives to help microentrepreneurs digitalize and track their transactions.

CreditBook aims to utilize the funding to scale its user base and diversify its product offerings. As indicated by the startup, its registered client base grew 5x in the last six months to reach 500,000.

“Before the launch in June 2020, we had planned to use a mix of digital marketing and offline acquisition. But with lockdown restrictions, we pivoted to a purely digital strategy. We were surprised when we saw thousands of users come onto the platform in the first month with less than $1,000 in total spend,” Malik told Tech in Asia. Via TechinAsia

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Economy

Finance Minister for KP and Punjab called on the Minister for Finance and Revenue

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Finance Minister for Khyber Pakhtunkwa (KP) Mr. Taimur Saleem Khan Jhagra called on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, at the Finance Division today. SAPM on Finance and Revenue Dr. Waqar Masood and Secretary Finance Division Kamran Ali Afzal were also present during the meeting.

The Provincial Finance Minister from KP briefed the Finance Minister about efforts undertaken by the Provincial government to curtail expenditure and rationalize spending with a key focus on providing maximum relief to the masses amid COVID-19 pandemic. He also outlined measures taken to enhance provincial tax collection by expanding tax base and reducing the number of taxes.

The Provincial Finance Minister KP further apprised about commitment of the KP Government to streamline pay and pension expenditure which takes the biggest chunk of the overall Budget.

In his remarks, the Finance Minister Mr. Shaukat Tarin urged the Provincial administration to adhere to strict financial discipline and work out modalities to rationalize expenditure and divert savings towards socio-economic development in the Province particularly amid COVID-19 and in post COVID-Scenario. He stressed to stimulate economic activity through out-of-box thinking for enhancing revenues, rationalizing workforce and harmonizing tax structure aiming at improving service delivery in the Province.

While discussing Budget proposals, the Federal Finance Minister stressed that Education and Health are the key priority areas and must be given preference during the Budget making exercise. He encouraged consultative process between the Federal Government and Federating units for effective resource mobilization.

Later, Finance Minister for Punjab Makhdoom Hashim Jawan Bakht also called on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin at the Finance Division.

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The Provincial Finance Minister briefed the Federal Finance Minister about the overall fiscal position and upcoming Budget considerations during the meeting. He highlighted the steps taken by the Punjab Government to provide maximum relief to the vulnerable segments of the society during these testing times. He spelled out the vision and commitment of the Punjab Government to increase revenues, control expenditure, job creation, reduction of poverty and facilitating agriculture, Industrial and service sectors to tap true potential of these sectors for an export-led growth.

In his remarks, the Finance Minister emphasized the need for value-addition in Budget making exercise. He urged the Provincial Finance Minister to rationalize expenditure and harmonize taxation policies for a growth-oriented Budget.

The Finance Minister held meetings with the Provincial Finance Ministers as a part of an overall consultative process with key stakeholders including Provinces to seek valuable inputs for formulation of a people friendly growth-oriented Budget.

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