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World
Trump termed favorite from Biden for presidency
The electoral process will be started in November.
Washington: The former president Donald Trump has termed most favorite from the president Joe Biden for the American’s presidency.
According to the details, the historical competition is likely to held in general elections of November between Donald Trump and Joe Biden.
The 49 percent registered voters have selected of Trump in the survey while 55 percent stated that the presidency of Trump will be good.
Joe Biden has got 43 percent by reducing the two percent. On the other hand, 61 percent American considered that Biden is a failed president.
It should be noted that Trump and Biden have won the phase of nomination of presidential candidate of their parties. The electoral process will be started in November.
Pakistan
Foreign Minister, Malaysian counterpart agree to promote bilateral cooperation
Both sides will study the markets and take full advantage of the opportunities presented in various sectors for concrete economic results.
Islamabad: Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar met with Malaysian Foreign Minister Haji Muhammad bin Haji Hassan.
According to the spokesperson of the Foreign Office, Foreign Minister Ishaq Dar met with his Malaysian counterpart on the sidelines of the special session of the World Economic Forum (WEF) for the promotion of global cooperation, development and energy.
In the meeting, the two leaders agreed to pay special attention to enhancing trade and investment relations. They reviewed bilateral relations and agreed to hold the next round of the Joint Ministerial Commission meeting in Islamabad.
Spokesperson of the Foreign Office said that both sides will study the markets and take full advantage of the opportunities presented in various sectors for concrete economic results.
The spokesperson of the Foreign Office stated that Ishaq Dar invited the Malaysian Foreign Minister to visit Pakistan, which he accepted. The foreign ministers also discussed the ongoing humanitarian crisis in Gaza and called for immediate humanitarian aid to the Palestinians.
It has been stated that the two foreign ministers also emphasized on close cooperation within the framework of the OIC to find a peaceful and sustainable solution to the Palestinian issue.
Business
Reasons for failure of FBR's ‘Track & Trace’ system come out
The report states that inexperience of the licensing company is also the reason for not implementing the system.
Islamabad: The report on the failure of Track and Trace System (TTS) of Federal Board of Revenue (FBR) has come out.
According to the report, the industrial sector resisted the implementation of the track and trace system, while the incompetence of the bureaucracy was also the reason for the system not being implemented.
The report states that inexperience of the licensing company is also the reason for not implementing the system, while it has also been revealed in the report that the track and trace system was implemented without understanding the local industry situation.
The report further stated that the track and trace system did not include provisions for arbitration, audit and fines while technology transfer was also not done under the system.
It has been mentioned in the report that FBR and the licensed company lacked the required expertise and understanding. The contractual lapses and court proceedings, stay orders, contributed to the delay in the implementation of the TTS.
The report also revealed that FBR has not created any capacity to control TTS on its own.
The report recommends increasing the capacity of FBR to review production data and sales tax and creating a task force to implement TTS, monitoring the track and trace system from the office of the Prime Minister or the Treasury.
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