Author name: NEN News

ISLAMABAD — The Retailer Tax Scheme has initiated a one-year pilot phase. This move helps the government assess the scheme’s effectiveness and resolve any implementation issues. Syed Naveed Qamar, Chairman of the National Assembly Standing Committee on Finance and Revenue, announced this initiative. Objectives of the Pilot Phase The key objective of the pilot phase is to identify and fix any shortcomings ahead of the scheme’s full-scale implementation. A smooth rollout process remains a primary focus. Emphasis in Committee Meeting In a recent committee meeting, Qamar stressed the need to identify potential challenges during the trial period. This proactive strategy aims to ensure the scheme’s successful deployment. Part of Broader Fiscal Reforms The Retailer Tax Scheme is a component of broad fiscal reforms aimed at improving tax compliance and boosting revenue collection in the retail sector. Such reforms are crucial for sustaining a robust market economy.

OTTAWA — A high-level Pakistani delegation led by Additional Secretary of the Board of Investment, Zulfiqar Ali, has arrived in Ottawa. The team is set to discuss the proposed Foreign Investment Protection and Promotion Agreement (FIPPA) with Canadian officials. Objective of the Bilateral Investment Treaty The Bilateral Investment Treaty (BIT) seeks to enhance economic cooperation between Pakistan and Canada. This agreement aims to strengthen bilateral ties and boost investment opportunities in both countries. Delegation Composition and Importance The Pakistani delegation consists of senior officials from various sectors. Their presence highlights the importance both nations place on strengthening economic connections. The inclusion of diverse sectors demonstrates the comprehensive approach to these negotiations. Key Discussion Points During the talks, the parties are expected to address mutual interests and concerns. The framework aims to promote investment flows between Pakistan and Canada. Key discussion areas include: Investment agreements and frameworks Legal protections for investors Economic growth opportunities Anticipated Outcomes The negotiations mark a significant step in fortifying bilateral relations. The proposed treaty is expected to offer legal protection for investors from both countries. It should encourage greater economic engagement and foster a robust economic partnership.

RAWALPINDI — Engineer Aamir Khattak, the Commissioner of Rawalpindi Division, has emphasized the urgent need to complete the Rawalpindi Master Plan and the Commercial Market rehabilitation project. In a recent meeting, Khattak highlighted their critical role in supporting planned growth and sustainable urban development. Importance of the Rawalpindi Master Plan The Rawalpindi Master Plan is a vital framework for managing urban expansion and directing essential infrastructure improvements. Khattak urged stakeholders to collaborate effectively to ensure timely and accurate implementation of all project elements. Efforts in the Commercial Market Rehabilitation The Commercial Market rehabilitation project is an extensive initiative aimed at rejuvenating key urban areas. This effort strives to boost commercial activities and enhance the city’s aesthetic appeal. Commissioner Khattak emphasized the importance of sticking to set timelines to achieve these objectives efficiently.

ISLAMABAD — Nelson Azeem, the Parliamentary Secretary for National Health Services, Regulations and Coordination, has lauded the federal budget for its strategic direction amidst challenging times. He expressed appreciation for the finance team’s relief efforts aimed at stimulating the economy. Budget Debate Highlights During the budget debate, Azeem noted that no new taxes were introduced that would burden the population significantly. This strategy aims to maintain public trust and encourage economic activity. Call for Population Control Policy Azeem stressed the necessity of a comprehensive population control policy. According to him, such a policy is vital for securing long-term sustainable economic growth. This strategy aligns population trends with available resources, promoting economic stability.

QUETTA — The Balochistan government has unveiled significant investments to enhance youth education and skill development. During a recent budget session, Provincial Finance Minister Shoaib Nosherwani announced these pivotal initiatives. Commitment to Education and Skill Development The government is committing Rs 54 million to the Shaheed Benazir Bhutto Scholarship (SBBS). This scholarship fund is designed to support deserving students in achieving their educational aspirations. Investment in Digital Skills An additional Rs 1.7 billion is being allocated to the Digibizz program. This strategic initiative focuses on developing digital competencies among the youth, meeting the rising demand for tech-savvy professionals across diverse industries. Comprehensive Regional Development Strategy These educational initiatives are part of a broader strategy to enhance the region’s educational infrastructure. Furthermore, Rs 2 billion has been devoted to the Low Cost Housing Project, reflecting a comprehensive commitment to improving both housing and educational opportunities in the region.

QUETTA — The Balochistan government has declared a 7 percent salary and pension increase for provincial employees for the financial year 2026-27. This step follows the federal model despite the province’s ongoing economic challenges. Commitment to Employee Welfare In the Annual Budget 2026-27 session, Finance Minister Shoaib Nosherwani emphasized the government’s commitment to employee welfare through this raise. He highlighted the importance of enhancing the living standards for public sector workers and their families. Strategic Employment Plans Minister Nosherwani outlined strategies to generate new jobs for the youth of Balochistan. These initiatives focus on driving economic growth and empowering the younger population. Economic Relief for Government Employees The salary and pension increase aims to provide economic relief for government employees. This reflects the provincial administration’s dedication to public sector welfare, even amidst financial constraints.