Business Ethics Global Conference

There are no preset number of papers that will be accepted for publication in the JCBIF Journal. If no submitted work is judged to be worthy of publication, the Journal will not be published it. Ministry of Water Resources tabled a summary on compensation package for the affected Chinese nationals of Dasu Hydropower Project incident. The ECC after deliberation and considering the depth of our relationship with China approved the proposal of payment of US dollar 11.6 million as a goodwill gesture on government level. On the prices of Pulses, NPMC was informed that prices of Moog pulse have shown stability while prices of Gram, Mash and Masoor pulses have registered increase due to less production of these pulses in the world, variations in the exchange rate and increased freight charges.

Finance Business Partner

Individuals pursuing this degree will be able to acquire positions in high growth jobs in leading Commercial Banks and Financial Companies. These individuals can also start their own business or learn to grow their existing business. The program requires students to complete two SME based capstone projects to complete the degree. The course is aimed at articulating foundation for graduate students to provide them with basic knowledge about Finance.

Business As Usual For Exports

ECC also considered and approved a summary submitted by Finance Division on expansion of Kamyab Pakistan Programme throughout Pakistan. Chairman PPMA shared about the problems being faced by the Pharmaceutical manufacturers particularly the concerns pertaining to refund of sales tax. These unresolved matters result in unnecessary delays and thus impact overall working efficiency of PPMA. The Macro Economic Advisory group recognized that global inflationary tendencies have casted undesirable impact across the globe including Pakistan. The committee comprehensively deliberated on various initiatives that can be undertaken for provision of maximum relief to the public. These initiatives specifically aim at resolving the economic constraints of middle and lower economic strata of the society.

NPMC was informed that Chillies Powder, Potatoes, Onions, Eggs, Chicken, Sugar, Bananas, Moog Pulse have shown decline in the prices during the last week. The ECC also approved Ministry of Energy, Petroleum Division’s summary on determination of RLNG sale price for PLL’s supply to K-Electric . In his concluding remarks, the Finance Minister said that the United Arab Emirates is one of the major economic partners of Pakistan. Pakistan attaches great value to the brotherly relations with the UAE and intends to further strengthen business and trade linkages between the two countries, he added.

The participants of the meeting assured the Finance Minister of their full cooperation and participation in making the program successful. Finance Minister Mr. Shaukat Tarin appreciated all the stakeholders for their contributions in the success of the Kamyab Pakistan Programme and said that Kamyab Pakistan Program is a milestone project, having exponential potential to transform the lives of the lower strata of the society. He further stressed the stakeholders to gear up the disbursement of interest free loans to help the people in achieving self-sufficiency. Over the last decade and more, significant effort has gone into harmonizing definitions and methodologies used to measure and track financial inclusion. Befiler recently won a grant for a digital experiment from Karandaaz Pakistan, a not-for-profit funded by the UK’s Foreign, Commonwealth and Development Office and the Bill & Melinda Gates Foundation . Befiler participated in the recent round of Karandaaz’s Digital Experiment Program, and won the grant through a competitive application process.

Country Director ADB, Mr. Yong Ye, Secretary Finance and senior officers participated in the meeting. The Finance Minister expressed resolve of the present government to uplift the living standard of the underprivileged people in the country especially focusing on socio economic development of the people of Baluchistan. NPMC was briefed on the availability of essential goods at subsided rates at the Sasta and Sahulat bazaar across the country. Of Punjab, KP, Balochistan and Islamabad administration in providing essential items at discounted rates at Sasta and Sahulat bazaars. He also expressed satisfaction on the contribution of Sindh government for providing essential items at discounted rates in Sahulat bazaars. NPMC was briefed on the rising prices of vegetable ghee in the country and informed that YOY prices of palm and soybean oil increased by 49.2% and 72.4% respectively in the global market.

Personal Banking

ECC approved a summary tabled by Ministry of Industries and Production for Ramzan Relief Package 2022. The ECC after discussion approved Ramzan Relief Package 2022 for 19 essential items to be sold at subsidized rates at USCs with total subsidy of Rs. 8280 million. The Finance Minister appreciated the investment and development banking activities of Pak-Kuwait Investment Company. This joint venture between government of Pakistan and Kuwait is imparting commendable role in promoting the industrial activity in various areas of economy. The Finance Minister also advised BOI to enhance focus on project development in consultation with respective ministries and the provincial government.

NPMC was also apprised on the variations in the prices of Pulses and it was informed that except the prices of Moong Pulse, there was increase in the prices of other Pulses and it was mainly due to exchange rate variations and increase in freight charges. Finance Minister Mr. Shaukat Tarin supported the proposals for dairy development including investment and improvement in livestock and agriculture sector in Pakistan and assured them of full support of the present government. The meeting also discussed the prices of daily commodities available at the Utility Stores and directed USC to inform the masses on any variations in the prices and availability of commodities well in time. The meeting reviewed the progress on the ongoing World Bank’s projects and programmes in Pakistan. The meeting also focused on Resilient Institutions Strengthening Program (RISE-II) and discussed some prior actions to be met for the timely completion of the programme.