President Asif Ali Zardari has formally given his assent to the Anti-Dumping Duties (Amendment) Bill 2025, marking a significant step in strengthening Pakistan’s trade laws.
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President Directs EFU Life Assurance to Compensate Poor Lady
Islamabad, January 12, 2024 – In a significant move aimed at rectifying an injustice, President Dr Arif Alvi has directed EFU Life Assurance Ltd to refund Rs 100,000 along with accrued profits to Zubaida Begum, a destitute woman who fell victim to the mis-selling of an insurance policy.
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President Alvi says economy heading in right direction
ISLAMABAD: The President of Pakistan, Dr. Arif Alvi has said that the economy of the country is heading in the right direction. It reflects the confidence of the business community in the economic policies of the government.
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President signs Pakistan Single Window Act
ISLAMABAD: President of Pakistan, Dr. Arif Alvi on Friday signed the Pakistan Single Window Act, 2021, a statement said.
Under the Pakistan Single Window Act, an independent institution having a Governing Council and Secretariat, would be established for the facilitation of national and international trade.
The new law will provide a coordinated one-window system to facilitate exports, imports and transit trade.
Establishment of an independent institution besides reducing the cost of doing business will also help ease cross border trade and transportation of goods.
The institution will also help in timely processing of data and bring about improvement in the provision of quality services.
The President also signed Senate Secretariat Services (Amendment), Act 2021.
Under the Senate Secretariat Services (Amendment) Act 2021, signed into law by the President under article 75 of the Constitution, the BS-17 appointments in Senate Secretariat will be made through the Federal Public Service Commission (FPSC).
However, the Senate Secretariat would be authorized to make appointments in BS-1 to BS-16.
Direct appointments in BS-18 in Senate Secretariat have been done away with. The absorption of officers, posted in Senate Secretariat on deputation, has also been prohibited under the new law.
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President asks business community to pay all taxes for curtailing budget deficit
President of Pakistan, Dr. Arif Alvi, has called upon the business community to fulfill their tax obligations, emphasizing that this would play a pivotal role in reducing the budget deficit and enabling greater allocation of funds for development projects. His remarks came during a meeting with a delegation from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Office, Lahore, in Islamabad on Monday.
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President reconstitutes National Finance Commission
ISLAMABAD: In a significant move, President Dr. Arif Alvi has reconstituted the National Finance Commission (NFC), an essential body responsible for fiscal resource distribution in Pakistan.
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