Govt to clear outstanding advertising dues of newspapers: PM

Author: APP/ Web Desk

LAHORE: Prime Minister Shehbaz Sharif on Sunday announced that the government will clear its outstanding advertising dues of newspapers on priority to alleviate the serious cash crunch being faced by the industry.

He also instructed that all dues should be reconciled by June 30. He further said that his government did not believe in political victimization and will therefore clear advertising dues of the previous government.

He expressed these views while talking to a delegation of the All Pakistan Newspapers Society led by its President Sarmad Ali and Secretary General Naz Afreen Saigol Lakhani. The prime minister assured that the government advertising rates of the newspapers will be adjusted in line with inflation.

He also committed that no new taxes and duties would be imposed on the newspaper industry in the coming budget and that the government would consider providing additional relief measures to help crisis-ridden newspaper industry to cope up with the extraordinary inflationary pressures.

Federal Minister for Information and Broadcasting Marriyum Aurangzeb and Special Assistant to Prime Minister Fahd Hussain were also present. The APNS delegation comprised of senior members Mujeeb ur Rahman Shami, Jamil Ather, Shahab Zuberi, Ramiza Nizami, Umar Shami, Imtinan Shahid, Mumtaz Tahir, Mohsin Bilal, Awais Khushnood, Waseem Ahmed, Munir Gillani and Humayon Gulzar.

Share
Leave a Comment

Recent Posts

  • Business

Gold rates up by Rs 1,700 per tola to Rs 268,000

The per tola price of 24 karat gold increased by Rs.1,700 and was sold at…

1 second ago
  • Business

Workers’ remittances witness 44% increase

Pakistan has seen a “significant increase” in workers remittances at the beginning of the current…

4 seconds ago
  • Business

CDNS to attain mark of Rs 180 billion in fresh bonds

The Central Directorate of National Savings (CDNS) has realized a target of Rs 180 billion…

23 seconds ago
  • Business

CCP issues show cause notices to ten steel suppliers for collusive bidding

The Competition Commission of Pakistan (CCP) has issued show cause notices to ten steel suppliers…

38 seconds ago
  • Business

KP CM’s aide emphasises on local investors to invest in Chitral

Special Assistant to Chief Minister KP for Industries, Commerce and Technical Education, Abdul Karim Tordher…

51 seconds ago
  • Sports

Villa return to Champions League primed to ruffle feathers again

Forty-two years after being crowned shock European champions, Aston Villa return to the Champions League…

6 mins ago