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Improved Foreign Direct Investment: Pakistan Sees A 17% Increase in FDI

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Foreign Direct Investment in the nation has increased by 17% as a result of the Special Investment Facilitation Council’s business-friendly policies.

Foreign investment reached 1.9 billion dollars in the fiscal year 2024, according to figures issued by the Pakistani national bank. Comparing June of this year to the same month last year, foreign direct investment was 169 million dollars.

With investments of $568 million in the most recent fiscal year, China continued to be Pakistan’s biggest trading partner and investor.

After investing $359 million in foreign direct investment, Hong Kong emerged as the second-largest investor. United States, United Kingdom, and Singapore are among significant nations that have made investments in Pakistan.

Receiving $801 million in foreign direct investment (FDI) in the fiscal year, the energy sector emerged as a major winner.

The surge is attributable to the Special Investment Facilitation Council’s successful policies and efforts, which have improved the business climate.

As a sign of the growing interest in Pakistan’s energy resources, investments in oil and gas exploration also went up to 304 million dollars.

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Resolving 9900 Out of 10515 Complaints: Legal Advisor’s Press Briefing

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Under Dr. Asif Mahmood Jah’s direction, the Office of the Federal Tax Ombudsman has accomplished a great deal in protecting taxpayer rights and resolving tax disputes.

Speaking at a news conference, Legal Advisor Almas Ali Jovindah mentioned that the FTO has been quite efficient, receiving 10,515 complaints and resolving 9,900 of them in the past ten months.

According to him, Dr. Jah addressed systemic flaws within tax administration by initiating 31 own-motion investigations. For the purpose of informing taxpayers of their rights, the FTO held 117 outreach workshops in the year 2024. Accessibility has also been enhanced by the incorporation of paperless and remote hearings.

He brought up the fact that a recent FBR recommendation had pushed for simpler sales tax filing and remedied unjust tax practices.

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Technology and Education Are Important: Rapid Technological Developments Are Changing Everybody’s Lives

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During his speech at a seminar held in Karachi, Federal Minister Musaddik Malik emphasized the significant role that technology plays in defining and managing modern-day life. He also highlighted the importance of adjusting to the rapid innovations that are reshaping every element of society and emphasized the need to embrace these changes.

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ATC Review Meeting Chaired by CJP: Meeting Evaluations ATC Performance: Handle the Main Issues

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Today at the Supreme Court, the Administrative Judges of Anti-Terrorism Courts met under the direction of Justice Yahya Afridi, the Chief Justice of Pakistan.

The meeting discussed important issues and evaluated the ATCs’ performance in order to guarantee the prompt and effective administration of justice in anti-terrorism cases.

Participants included the Prosecutors General from each province and the Islamabad Capital Territory, as well as Monitoring Judges from the Supreme Court and the ATC Courts.

Additionally present at the meeting were the Secretary of the Law and Justice Commission of Pakistan and the Registrar of the Supreme Court.

Throughout the conference, the Chief Justice gave clear instructions. In order to help Balochistan operationalize FSL Labs in Quetta, he directed the Forensic Science Laboratory in Sindh to provide support.

The Chief Justice ordered that ATC judges who have served out their tenure be placed in appropriate roles.

Additionally, he declared that the Law and Justice Commission of Pakistan would promote the possibility for exceptional ATC judges to receive training abroad.

In order to raise these matters to the attention of their respective governments, the Chief Justice urged the Attorney General for Pakistan and the Prosecutors General of each Province.

He underlined the necessity of prompt and concerted action to meet the ATCs’ resource and infrastructural requirements, which are critical to guaranteeing prompt and equitable resolutions in anti-terrorism matters.

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