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Banking Deposit Ratio: DY PM Handles ADR Concerns in the Banking Industry

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Senator Mohammad Ishaq Dar, the Deputy Prime Minister and Foreign Minister, presided over a high-level meeting to address the advances to deposit ratio problem in Pakistan’s banking industry.

Senior government officials, including the governor of the state bank, the chairman of the federal board of revenue, and the minister of state for finance, attended the meeting. The topics of discussion included the effect of alternative dispute resolution (ADR) on lending to productive sectors, tax revenue targets, and the banking environment as a whole.

With the Finance Act 2022, the government raised the tax rates for banks with ADRs under 50% in an effort to promote commercial lending and deter passive income.

Currently, the banking industry is trying to increase ADR levels in order to prevent additional taxes.

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Skilled Youth Will Expand Employment Prospects: PM

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According to Prime Minister Muhammad Shehbaz Sharif, the government is actively working on a policy to lower unemployment by encouraging the private sector, and providing young people with professional skills is crucial to expanding employment prospects.

The Prime Minister stated that the “Uraan Pakistan” Project would provide new job possibilities throughout the nation while presiding over a youth program meeting.

In addition to wanting to take action against fraudulent and unlicensed organizations that offer jobs abroad, Shehbaz Sharif ordered the creation of a plan that would meet the market demands of friendly nations in order to hire young people abroad.

He stated that in order to promote technical and professional capabilities, the Prime Minister’s Youth Skill Development Program and the National Vocational and Technical Training Commission should fulfill their respective roles. The future of Pakistan is correlated with the growth of the IT sector.

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PSO Bangladesh Army Meets With COAS: Talks About Bilateral Military Cooperation

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General Syed Asim Munir, the Chief of Army Staff, met with Lieutenant General S M Kamr-ul-Hassan, the Principal Staff Officer of the Armed Forces Division of Bangladesh, at the General Headquarters in Rawalpindi.

Both parties discussed the changing security dynamics in the region and looked into further ways to strengthen their bilateral military cooperation during their meeting.

They emphasized that the two fraternal nations’ long-term connection must be durable against outside forces, underscoring the significance of a stronger defense relationship.

The Army Chief reaffirmed the importance of working together to advance peace and stability in South Asia and the wider area, while making sure that both countries keep up their contributions to regional security through cooperative defense projects.

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IBO in Spinwam: Four Khwarij Are Removed by Security Forces

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Security personnel have executed four Khwarij in the North Waziristan district’s broad region of Spinwam through an intelligence-based operation.

Own troops engaged Khwarij’s location successfully during the operation, and following a fierce firefight, they killed four Khwarij.

Additionally, weapons and ammunition were found on the deceased Khwarij, who continued to be actively involved in a number of terrorist attacks against security personnel and the targeted murder of defenseless civilians.

In an effort to eradicate the threat of terrorism from the nation, security personnel are conducting a sanitization operation to eradicate any further Kharji that may be present in the area.

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