PM proposes trade chamber with Germany
Vowing to enhance economic ties with Germany, Prime Minister Nawaz Sharif proposed the establishment of a bilateral chamber of commerce.Talking to Dr Gerd Muller, German federal minister for economic cooperation and development, the prime minister said the two countries enjoy friendly relations.Mr Sharif told the German minister that Pakistan’s economy is showing visible improvement as the security situation is far better than it was four years ago. “Our emerging democratic character is evident from the handling of all political issues by my government in accordance with the democratic principles and law.”
Host : Safdar
Co-Host : Shakeel Chishti
Topic 02: Finance Minister Ishaq Dar approves reforms in the Customs Department to facilitate cross-border trade under the Trade Facilitation Agreement (TFA).
The reforms will be carried out in six to 24 months.Earlier, the Federal Board of Revenue (FBR) had committed to carrying out customs reforms in three to five years.“We have sent the revised reforms commitment to the Ministry of Commerce.”The authorities concerned will further discuss the reforms with stakeholders before notifying them.
Topic 03: Planning minister says economy can achieve 8-10% growth
The country can achieve 8 to 10% economic growth for the next three decades mainly due to the China-Pakistan Economic Corridor (CPEC), said Minister for Planning, Development and Reform Ahsan Iqbal.Addressing a gathering of international business leaders at a summit, he said that this high growth rate could bring Pakistan among the top 25 economies of the world by 2030.The two-day summit was organised by the Ministry of Planning, Development and Reform in collaboration with Martin Dow and Nutshell Forum.
Topic 04: Senate body clears Limited Liability Partnership Bill
The Senate Standing Committee on Finance and Revenue approved the Limited Liability Partnership (LLP) Bill 2017, which is considered an updated and internationally acceptable business vehicle for entrepreneurs with limited capital.The committee, chaired by Senator Saleem Mandviwalla, was informed that the proposed law provides a new form of business structure, which would fill the gaps between business firms such as sole proprietorships or partnerships, the liability of whose partners’ is unlimited, and the companies governed under the Companies Ordinance, 1984, whose members enjoy the benefits of limited liability.