Text Bulletin 1200 hrs
OCTOBER 31, 2016
Prime Minister has expressed the government's commitment to develop textile industry.
Government says after achieving macro-economic stability, it is striving to ensure sustainable growth.
Islamabad High Court has allowed PTI to hold its protest at Islamabad's Parade Ground.
World Cities Day is being observed today.
Prime Minister Nawaz Sharif says the government will leave no stone unturned to make Pakistan a secure, peaceful and attractive market for investors.
This he said in a message to the Conference of International Cotton Advisory Committee, in Islamabad today. Finance Minister Ishaq Dar read out the message of the Prime Minister.
The Prime Minister said the Government is continuously striving to maitain an investment friendly environment particularly in textile sector. He said the Government is ensuring infrastructure and provision of facilities and human resource.
The Prime Minister said cotton and textile is lifeline of Pakistan's economy. He said the Government through its policies support textile industry and continue to work for providing conducive environment to make the local industry competitive.
He said China-Pakistan Economic Corridor would make Pakistan an attractive hub for investment. He said the Government is encouraging investment in textile sector.
The Prime Minister said the goverment is focusing on improving the standard of agricultural products.
In his address to the conference, Ishaq Dar said the government is committed to introduce latest technologies in agriculture sector.
The Finance Minister said the Government has already carried out important amendments in Seed Act of 1976 and the Plant Breeders' Right Bill is under legislation.
He said the government has undertaken various initiatives to facilitate farmers both through budgetary proposals and under Prime Minister's package for farmers.
Dar said economic policies of Prime Minister Nawaz Sharif have led to macro-economic stability and the now the target is to achieve higher sustainable and inclusive growth.
He said the growth momentum has remained above four percent for the third consecutive year and real GDP was four point seven percent during last financial year. This would have been above five percent but unfortunately failure of cotton crop by nearly thirty percent brought down the rate.
The Finance Minister said revenue has increased by twenty percent annually during the last three years as against just 3.38% in 2013. Foreign exchange reserves are at the highest level of over twenty-four billion dollar providing more than five months' of import cover.
Punjab Chief Minister Shahbaz Sharif says Pakistan Tehreek-i-Insaf 's Chief Imran Khan is pursuing a personal agenda which is targeting the progress and development of Pakistan.
In a statement, he said that those engaged in sit-ins, protest and lockdown of cities are trying to hamper the process of national development and prosperity.
He lamented that on one side India is violating the Line of Control and the Working Boundary and on the other some political parties are involved in conspiracies against Pakistan by threatening to shutdown Islamabad.
The Chief Minister advised the elements engaged in negative politics to give up their undemocratic attitude and make efforts for the progress and development of the country.
Islamabad High Court has allowed PTI to hold its protest at Parade Ground near Faizabad and go back homes.
Disposing off all petitions filed about the PTI sit-in today, Justice Shaukat Aziz Siddiqui asked the administration not to block any road.
Gilgit-Baltistan government will announce a special health package to the deserving persons on 1st November, the independence day of Gilgit Baltistan.
This was stated by Chief Minister Hafiz Hafeez ur-Rehman while talking to media in Gilgit.
He said thirty-three thousand health insurance cards will be provided to needy people with the assistance of German government.
World Cities Day is being observed today with the committment to work together for a planned and sustainable urban life in the wake of rapid growth of population and problems.
This year's theme of the Day is "Inclusive Cities, Shared Development" to highlight the role of urbanization as a source of global development and social inclusion.
In occupied Kashmir, over 1631 civilians have been hit in face with pellets by Indian armed forces during the 115 days of uprising with one thousand and one hundred of them receiving eye injuries.
A data compiled from hospitals say hundreds of pellet-hit people are still waiting for vision corrective surgeries.
Meanwhile, Hurriyet leaders, Mohammad Yousuf Naqash and Javaid Ahmad Mir have denounced the continued arrest spree in the held valley.
In India, eight prisoners have escaped from a prison in Bhopal by scaling the wall using bed sheets.
According to Police, the prisoners also killed a guard before escaping.
On the second day of third cricket test at Sharjah against Pakistan, West Indies in their first innings were 24 for one a short while ago.
Earlier, Pakistan in their first innings were all out for 281.
Pakistan have already won the three match series 2-nil.