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jobs

No Concrete Measures for Job Creation in Budget: APBF


Sumera Saeed | June 5, 2017 | category: Jobs

All Pakistan Business Forum president Ibrahim Qureshi has said that Pakistan needs 2.5 million jobs annually but the government has taken concrete measures neither in federal nor in Punjab budgets for job creations for the unemployed youth.

Commenting on the 2017-18 federal and Punjab budgets, he termed it a bubble budget, apparently feeling good but does not contain substance.

He condemned the economic manager’s calculator approach in finalizing the budget, which focused more on revenue collection and less on the fulfillment of its major objective of giving a long-term direction to the economy. This budget shows the failure of the Federal Board of Revenue as the reduction of taxpayers in active taxpayers list clearly indicates the failure of the govt, he added.

Terming the federal budget as a number game with no incentives for industry and more privileges for few sectors, he said that government is non-serious to explore new venues for revenue generation and no efforts had been taken to plug revenue leakages amounting in billions. He criticized the Federal Board of Revenue for failing in broadening of tax base. The government instead of generating revenue from direct taxes showed its intention to collect revenue through withholding tax. Moreover, the government after increasing the tax rate for non-filers had admitted its failure to implement the concept of filer and non-filer introduced in the last budget.

He also opposed the Punjab government for slapping duty on internet services. He said internet had now become a necessity for every sector of the economy, whether its agriculture, healthcare, education or SMEs. He said that small size businesses have also a monthly bill of more than Rs1,500. Making broadband expensive will have a very negative impact on the overall economy, as taxing broadband is like raising petrol prices, which affects every sector of the economy, he added. Ibrahim Qureshi said that like the previous governments, this one too has refrained from bringing big fishes into the tax net or even taking measures to prevent major tax evasions. The government attempted to squeeze the neck of old taxpayers instead of taking efforts to bring new taxpayers into tax net.

He blasted the authorities for not keeping its focus on resolving the energy crisis and allocating sufficient funds for the construction of big reservoirs including Kalabagh Dam in budget. He said that policymakers would have to address the concerns of the public since they suffer the most as a result of the power crisis. Ibrahim Qureshi questioned the claims of the government regarding reduction in unemployment, improvement in per capita income and improved energy situation.

The government is opening up the Pakistan economy to imports. While lower duty on raw materials and inputs is needed, but duty free imports of machinery will result in huge spending of scarce foreign exchange and jobs creations abroad, and no jobs for Pakistanis.

Ibrahim Qureshi regretted that no corrective action has been announced in the budget to increase direct taxation and more emphasis has been laid on indirect taxation.

10th-TeleCON-2017-forum

10th TeleCON 2017 forum chaired by the Minister of Telecom


Sumera Saeed | May 18, 2017 | category: Mobile Phones

Global Telecom & IT giants are undertaking major ventures in Pakistan – Anusha Rahman

The Minister of State for Information Technology & Telecommunications – Honorable Ms. Anusha Rahman Khan inaugurated the 10th Pakistan Telecommunication and ICT Conference (TeleCON 2017) as the Chief Guest. This annual forum was held by SHAMROCK Conferences International (www.shamrockconferences.net) at the Ramada Hotel in Islamabad, with the theme: “Pakistan in the wake of Revolutionary Technologies and Solutions”. The Keynote address was delivered by the Chairman of Pakistan Telecommunications Authority (PTA) – Syed Ismail Shah.

Addressing the large number of enthusiastic delegates at the forum, the Minister of IT and Telecom stated that:

“It is delightful to see that global Telecom & IT giants are undertaking major ventures in Pakistan, while our country’s start-up enterprises are winning great accolades at global technology forums, with the support of incubators and incentives from the government”.

She further stated that:

“The Next-generation 3G and 4G telecom technologies are already empowering all consumer segments and industries, as we benefit from revolutionary concepts like; ‘Mobile” commerce, E-Governance, Smart-Cities, Mobile-banking, Cloud-Computing, ‘Smart’ Healthcare & Education and much more. The government is now seeking the earliest possible deployment of 5G technology in Pakistan. With the successful orchestration of this 10th annual TeleCON Forum, SHAMROCK has made great contributions in the advancement of this important industry in Pakistan.”

Syed Ismail Shah, Chairman of PTA said:

“A social and industrial revolution has taken place in our country with the deployment of fascinating new technologies. It is now the primary responsibility of the regulators and experts of telecom and IT industries, to focus on the future, enabling swift and secured consumption of massive volumes of data, whereby we can greatly enhance national productivity to accelerate progress and economic prosperity”.

Other distinguished Chairpersons and speakers included; The Chief Executive Officer of PTCL – Daniel Ritz, CEO of ICT R&D Fund – Mr. Yusuf Hussain, the CEO of IBM Cloud – Nadeem A. Malik, the CEO of Bluetech Consulting – Kashif Jadoon, Mr. Pervez Iftikhar, Ex CEO USF, the Head of Conferences at SHAMROCK – Mr. Usman Janjua and others. These learned speakers discussed critical topics like; Expansion of outreach, Fibre-Optics, rural-area connectivity, broadband, wireless-access, connectivity and Cyber-security.

An insightful panel discussion on ‘Revolutionary Technologies’ included experts like: the Chief Commercial Officer of PTCL – Adnan Shahid, the CEO of COMSATS – Jamshed Masood and Mr. Naveed Khalid Butt, Chief Corporate & Regulatory Affairs Ufone. Numerous other experts professionals and stakeholders attended this forum, sponsored by Pakistan Telecommunication Company Ltd. (PTCL) and Wateen Telecom, while being supported by PTA, relevant ministries and the leading enterprises of this robust industry.

TeleCON is a prestigious assembly of the; industry specialists, regulators, technologists, speakers, visionaries, experts, academia, emerging media and investors from national and global enterprises and institutions. The key topics of discussion included: challenges & opportunities, fresh ideas for enhancing Foreign-Direct Investments, regulations to control cybercrime, Data Security & safer exchange of information.