PkRevenue.com wishes Happy Eid-ul-Fitr Mubarak to all valuable readers and followers.
Category: National
-
Ruet e Hilal committee announces Eid-ul-Fitr on May 13
The Central Ruet-e-Hilal Committee, responsible for sighting the moon to determine Islamic months, officially announced that the Shawal Moon has been sighted.
(more…) -
CAA makes QR code must after discovery of fake COVID certificates
KARACHI: Civil Aviation Authority (CAA) Pakistan on Monday made QR code with negative COVID results for air travelers arriving into Pakistan.
The decision has been taken after discovery fake certificates of COVID tests provided by persons at international arrivals.
In a statement the CAA said that it had been noted with grave concerns that passengers travelling to Pakistan, especially from Gulf States, had tested COVID-19 positive upon arrival despite being in possession of negative PCR test results prior to commencement of travel to Pakistan, as stipulated in the country’s COVID-19 standard operating procedures.
“Upon conducting an investigation into the issue, it has been found that said passengers travelled to Pakistan using fake PCR negative Test results and therefore endangered not only passengers travelling with them but also undermined the intense efforts being made at the national levels to curb the spread of COVID-19,” the CAA said.
The CAA said that it was not authority’s responsibility alone but it had to be shared by all concerned stakeholders including airline operators.
In view of the foregoing, the competent authority directed all the airlines operating to/from Pakistan must ensure:
All passengers travelling to Pakistan possess PCR test results only from respective government approved labs.
No test result be accepted without valid QR code certifying the negative test results in the name of a passenger.
Only original test results/reports are accepts prior to checking in passengers for flights to Pakistan and no copies are accepted.
Passengers not registered through the pass tract app are not accepted for travel to Pakistan.
All airline operators operating to/from Pakistan are to ensure strict compliance with the directives and enforce effective mechanism to ensure no such incident of similar nature occurs in the future.
In case of non-conformance with the directives, Pakistan CAA reserves the right to impose regulatory punitive action against such airline operators including but not limited to financial penalties and revocation of flight authorization.
-
Applications invited for post of DG National Savings
ISLAMABAD: The ministry of finance on Sunday invited applications for the post of Director General, Central Directorate of National Savings, Islamabad.
The ministry said that prescribed qualification, experience, age limit and other terms of contract appointment under Management Position Scales Policy, 2020 (MP-I) scale are given as under:
Qualification: Master degree in any of the disciplines: economics, statistics, commerce, accounting, finance, business administration, cost and management accountants, chartered accountants, or equivalent from an HEC recognized University / institutions.
Experience: At least 18 years experience in the banking/ financial sector or in finance related positions in the public sector.
Age Limit: minimum age 50 years; maximum age 62 years
Period of Appointment: Three years extendable for further two years contingent upon result based performance.
Place of Posting: Islamabad
Termination of Contract: On one month’s notice on either side or payment of one month’s pay in lieu thereof.
Pay Package: The pay package will be based on MP-I Scale and other incentives as per those admissible to officers in MP-I scale.
The ministry said that interested applicants should submit applications through courier service alongwith their CVs and copies of testimonials duly verified by institutes and recent photographs within 15 days of the publication of the advertisement for above mentioned position.
Only short listed candidates will be called for interview. The candidate must be citizen of Pakistan.
-
Pensioners living abroad require presenting life certificate
ISLAMABAD: The finance division has made it mandatory for pensioners living abroad to submit life certificate in place of biometric verification.
The ministry of finance on Tuesday issued a notification stating that through a SRO issued January 28, 2021 it was made mandatory for pensioners to ensure verification of biometric in order to receive pension.
The ministry however stated that the pensioners receiving pension abroad through Pakistan Mission Office, Ministry of Foreign Affairs (MOFA) / Chief Accounts Officer, MOFA will continue to provide proof of life through a medical certificate or by way of Life Certificate signed by a Gazetted Officer of Pakistan Mission in that area/country.
The Pakistan Mission, shall forward the life certificate or medical certificate through chief accountants office, MOFA to Accounts Office concerned for information and record purposes.
-
Eid holidays announced amid coronavirus spread
ISLAMABAD: The federal government on Monday announced six holidays for Eid-ul-Fitr from May 10 to 15, 2021.
According to a notification issued by the ministry of interior, 10th to 15th (Monday – Saturday) May, 2021 shall be public holidays on the occasion of Holy Festival Eid-ul-Fitr.
Previously, National Command and Operation Center (NCOC) recommend extended holidays on the occasion of Eid-ul-Fitr in order to contain the spread of Coronavirus.
-
PM hopes car scheme to generate demand for domestic industry
KARACHI: Prime Minister Imran Khan paid rich tribute to Overseas Pakistanis for their overwhelming response to the Roshan Digital Account (RDA). He said their support and vote of confidence have been pivotal in making the initiative a big success within a short period of time, according to a press release issued by State Bank of Pakistan (SBP) on Thursday.
The prime minister was addressing a gathering of ministers, CEOs of car manufacturers and insurance companies, heads of leading charities, presidents of banks, SBP officials and other distinguished guests to celebrate the $1 billion mark in RDA deposits and to launch two additional products specially created for Overseas Pakistanis through RDA—Roshan Apni Car and Roshan Samaaji Khidmat.
The success of RDA and today’s addition of further products under this scheme demonstrate that if the public and private sector work together in a spirit of cooperation, any project is bound to succeed, he added.
The Prime Minister appreciated the out-of-the-box approach of the SBP and the banking industry in digitally connecting Overseas Pakistanis to the Pakistani banking system and economy through RDA. He also lauded the continued innovation they are showing through the addition of the Roshan Apni Car and Roshan Samaaji Khidmat products.
He hoped that the Roshan Apni Car initiative would not only help Overseas Pakistanis to fulfill the needs of their loved ones in Pakistan but would also create additional demand for the car industry that will in turn help them and connected industries to grow at a faster pace.
He was also confident that Roshan Samaaji Khidmat will be able to provide a convenient one stop donation platform for Overseas Pakistanis to meet their charitable giving goals and Zakat obligations. Appreciating the spirit of charity demonstrated time and time again by Overseas Pakistanis, he noted that these additional funds will help social sector organizations and NGOs to help an even larger number of disadvantaged people in Pakistan. The Prime Minister was especially pleased to note that, for the first time, Overseas Pakistanis will now also be able to contribute to “Ehsaas”, the government’s internationally acclaimed poverty alleviation program, through Roshan Samaaji Khidmat.
In his welcome address, Governor SBP, Dr. Reza Baqir, thanked the Honourable Prime Minister for his vision of connecting the Pakistani diaspora through financial services and for his constant encouragement and guidance.
He said he was feeling proud today that banks were able to receive $1 billion in deposits through RDA in such a short period of time. Recalling the launch of RDA in September 2020, he said that the first major milestone of receiving $500 million was passed after five months.
After only another two months, the $1 billion mark has been crossed, demonstrating the accelerating pace inflows. He noted that more than 120,000 Roshan Digital Accounts have been opened from 170 countries around the world.
He remarked that deposits through these accounts were providing a brand new source of foreign exchange inflows that were helping to improve Pakistan’s foreign exchange reserves and balance of payments position. He appreciated the hard work of all the staff and senior management of both the banks and SBP, noting that their dedication and spirit of constant innovation have been critical to the success of the initiative.
Roshan Digital Account was conceived to offer lifestyle banking products in Pakistan to Overseas Pakistanis, including money deposit facilities, investment opportunities in Naya Pakistan Certificates, the stock market and real estate, as well as other day to day payment facilities. This suite of lifestyle products is being constantly expanded, with today’s launch of Roshan Apni Car and Roshan SamaajiKhidmat being the latest example.
Roshan Apni Car has been specially designed for Overseas Pakistanis and has many distinguishing features. For the first time in the history of the banking industry, an RDA holder will be able to apply for car financing for their loved ones in Pakistan completely digitally. Processing time will be fast. Financing and insurance will be available at very attractive rates, and in both conventional and Shariah compliant forms. Moreover, car manufacturers have committed to significantly slashing the car delivery time for RDA holders.
Roshan SamaajiKhidmatis a one stop payment platform to enable Overseas Pakistanis to make donations to leading charities, hospitals and educational institutes in Pakistan, as well as to meet their Zakat obligations. In addition to these private sector organizations, SBP also worked closely with Special Assistant of the Prime Minister of Pakistan on Poverty Alleviation and Social Protection, Dr. SaniaNishtar, and her team to integrate “Ehsaas”, the government’s flagship poverty alleviation program, with the Roshan Samaaji Khidmat portal.
As a result, private participation in one of the world’s most acclaimed poverty alleviation programsis being made possible for the first time.
Through Roshan Samaaji Khidmat, Overseas Pakistanis are being given the opportunity to make direct contributions to the program. In so doing, they would be providing vital support to the government’s efforts to lift millions of their fellow Pakistanis out of poverty.
-
Pakistan offers COVID relief support to India
KARACHI: Pakistan on Saturday offered relief support India to provide medical equipment for prevention of coronavirus.
Foreign Minister Shah Mahmood Quershi in a tweet said that as a gesture of solidarity with people of India in the wake of the current wave of COVID-19, “Pakistan has officially offered relief and support to Indian including ventilators, Bi PAP, digital X ray machines, PPEs & other related items.”
“We believe in a policy of humanity first,” he added.
In addition to this the ministry of foreign affairs Pakistan also stated in a tweet that the concerned authorities of Pakistan and India can work out modalities for quick delivery of the relief items. “They can also explore possible ways of further cooperation to mitigate the challenges posed by the pandemic,” it added.
-
PIA escapes financial losses in Airbus A320 crash
KARACHI: Pakistan International Airlines (PIA) has escaped from any financial loss as a result of Airbus A-320 that was crashed on May 22, 2020 a claimed 97 lives, according to annual result for the period ended December 31, 2020.
According to the report, the Airbus A-320 was crashed in an accident on May 22, 2020. The said aircraft was included in the fixed assets of the company as right of use asset (RoUA) in accordance with IFRS 16 ‘Leases’.
“The management determined that there is no significant financial exposure to the company as a result of the above incident as the above aircraft was on dry lease from GE Capital Aviation Services (GECAS),” according to the report.
“As per the agreement, insurance for the aircraft was claimed out by the company, however, the settlement of the insurance amount will be directly between the insurance company and GECAS with no significant financial exposure to the company,” it added.
Accordingly, the company has derecognized the RoUA and its corresponding lease liability amounting to Rs155.77 million and Rs329.62 million respectively and the remaining balance (a gain of Rs173.85 million) is credited to statement of profit or loss on termination of lease, the report said.
“Furthermore, the company [PIA] has obtained passenger and third party liability insurance under which all the affected families and third parties on ground were eligible a compensation from the insurance company and the company is not liable for an further claims,” it added.
The background of the unfortunate accident revealed that Pakistan International Airlines (PIA) flight PK 8303 was a scheduled domestic flight from Alama Iqbal International Airport Lahore to Jinnah International Airport Karachi.
On May 22, 2020, the Airbus A320 in use crashed in Model Colony, a densely populated residential area of Karachi a few kilometers from the runway, while on a second approach after a failed landing.
Of the 91 passengers and eight crew on board the aircraft (99 total on board, 91 lost their lives and two passengers survived with injuries.
Eight people on the ground were also injured in the accident, one of them later succumb to her injuries. The PIA management expressed deep sorrow and grief over tragic incident and stand firmly with the families of the deceased passengers.
Immediately, Emergency Response Center (ERC) and Station Emergency Coordination Room (SECR) were activated and Emergency Response Planning (ERP) Volunteer as well as PIA scouts were deployed to provide all possible assistance to the grieving families.
-
Payment of benevolent grant to be made through valid bank account
ISLAMABAD: The payment of benevolent grant and group insurance fund would be made through only valid account opened at concerned branch of National Bank of Pakistan (NBP), a statement said on Monday.
All those beneficiaries who are taking benevolent grant from the Federal Employees Benevolent and Group Insurance Fund (FEB & GIF) are hereby informed that in order to ease out the difficulties being faced by the beneficiaries, while drawing benevolent grant from National Bank of Pakistan, the BoT, FEB & GIF has decided that w.e.f. 1″ July, 2021 the amount of the monthly Benevolent Grant will be paid to the beneficiaries through valid account nos. to be opened with the concerned branches of the National Bank of Pakistan instead of cash payment.
All the beneficiaries of monthly benevolent grant are hereby requested to open a Bank Account with the concerned Branch of the National Bank of Pakistan on or before 31.5.2021, if they have not opened yet.
After opening the account the same may be communicated to FEB & GIF through bank as per following format: Benevolent GrantCase No. (copy of blue color payment order card including CNIC of the beneficiary may also be attached) CNIC of Employee Name of Beneficiary CNIC of Beneficiary Account No. of Beneficiary (10- digits Account No.) Name of Branch of NBP with Code (4- digits code) Amount of Monthly grant (Rs.) Date & amount of last payment made by NBP.