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National Skill Development: Government to Offer Training in Contemporary Skills to Youth: Ahsan

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Professor Ahsan Iqbal, Minister for Planning, Development, and Special Initiatives, has underscored that Pakistan’s economic future depends on private sector-led growth and comprehensive skill development.
During the Cothm Global convocation, he emphasized the necessity of equipping the workforce with contemporary skills to satisfy global economic requirements.
He stated that no nation has attained sustained growth without active participation from the private sector and a skilled workforce.
Ahsan Iqbal emphasized Pakistan’s unexploited potential in tourism and hospitality, while acknowledging that infrastructural deficiencies and workforce constraints impede advancement.
He emphasized the necessity of systematic reforms in Education and Industry to compete with regional economies such as Malaysia, Thailand, and India.
The Minister unveiled the Uraan Pakistan initiative, a strategic plan designed to elevate Pakistan to a three trillion dollar economy by 2047 through investments in critical industries, innovation, and youth skill development.

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SIFC Approves 50 MMCFD of Gas: Anticipated 35% Increase in LPG Imports

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The Special Investment Facilitation Council continues to play a vital role in enhancing Pakistan’s energy industry and fostering industrial operations. Measures are being implemented to authorize a daily gas supply of 50 million cubic feet.
To provide a dependable gas supply for National Steel Complex Ltd., alternatives such as local gas sources and imported LNG are under consideration. This project is anticipated to foster industrial growth, generate employment, and enhance the economy.
The Government emphasizes stable energy prices and a robust local economy. Maintaining a reliable energy supply is essential for fostering industrial growth.
Engro Vopak Terminal Ltd. has solicited the Port Qasim Authority to augment facilities for the uninterrupted supply of LPG and liquid chemicals. Augmenting the terminal’s capacity will optimize operations and elevate efficiency.
LPG imports are projected to increase by 35%, thereby enhancing industrial operations and fortifying the economy.

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FBR to Enhance Revenues: Enacts Significant Reforms, Attains Record Revenue Collection

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The Federal Board of Revenue has effectively executed significant reforms in the past year, enhancing tax administration, compliance, and digital transformation under the leadership of Prime Minister Shehbaz Sharif.
The FBR implemented AI-driven risk identification algorithms to improve tax audits and introduced a customer relationship management dashboard for real-time compliance monitoring.
Moreover, AI-driven Customs Intelligence and digital invoicing systems have transformed tax collection and customs operations.
The implementation of faceless customs assessment has markedly diminished clearance waits, optimizing international trade.
The unified sales tax return has streamlined the tax filing procedure, while the continuous advancement of a tier-3 data center seeks to enhance data security and AI-driven surveillance.
To enhance transparency, the FBR digitized its litigation management system for faster dispute resolution.

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Meeting on Crucial Crops: Deputy Prime Minister Dar Advocates for Consultation with Provincial Governments

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A crucial meeting of the Cabinet Committee on important crops convened under the chairmanship of Deputy Prime Minister Mohammad Ishaq Dar.
The Ministry of National Food Security and Research was managed by Federal Minister Rana Tanveer Hussain and Federal Secretary Waseem Ajmal Chaudhry.
During the meeting, the cabinet committee’s report on the wheat policy for Rabi 2024-25 was presented, and a detailed review of the projected wheat production and national requirements was conducted.
Federal Minister for National Food Security and Research, Rana Tanveer Hussain, informed the committee on the cultivated area for the current year and underscored the necessity of aligning agricultural strategies with domestic requirements and the welfare of farmers. The Committee also deliberated on synchronizing the federal and provincial agricultural research systems to improve per-acre production and overall farm productivity.
Deputy Prime Minister Ishaq Dar stressed the importance of consultation with provincial Governments to ensure that policies benefit farmers and contribute to Sectoral Stability.
The meeting also deliberated on determining the wheat support price and Possible Market interventions to secure fair prices for farmers and maintain Market stability.
The Deputy Prime Minister directed the finance minister to incorporate key discussion points into the Agricultural Policy committee’s deliberations to refine and strengthen the Policy Framework. The meeting reaffirmed the Government’s commitment to stabilizing the Agricultural economy through corrective measures, ensuring Food Security, and fostering growth in the Farming Sector.
The Ministry of National Food Security & research remains committed to ensuring Food Security, supporting Farmers, and strengthening Agriculture through sustainable Policies and strategic interventions for long-term stability and growth.

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