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The Lahore High Court on Thursday told Punjab's district co-ordination officers to offer an analysis about the prices of eatable items after decline in the petrol prices by June 15. The court was hearing a petition filed by a bar member named Azhar Saddique who has sought government action against traders involved in black marketing, hoarding and excessive profiteering.

The Lahore High Court (LHC) on Thursday restrained all private schools from collecting summer vacation fees at once from students and told them to act on a previous notification issued by the government. The court passed this order while hearing a petition filed by bar member Sheeba Qaisar and adjourned the case to June 02 for further hearing. The court said the government often made an advertisement but never bothered to issue such an advertisement, which benefit the public.
An Accountability Court on Thursday acquitted Prime Minister Nawaz Sharif, Chief Minister Punjab Shahbaz Sharif and other family members in Ittefaq Foundries reference. Rejecting a request by the National Accountability Bureau (NAB) to reopen the reference, the accountability court judge Sohail Nasir cleared Prime Minister Mian Nawaz Sharif, Chief Minister Punjab Mian Shahbaz Sharif, their brother Abbas Sharif (late) and father Mian Muhammad Sharif (late) in the case.
Islamabad High Court (IHC) on Thursday summoned Secretary Interior, Chairman Capital Development Authority (CDA), Chief Commissioner and Inspector General of Police Islamabad in a matter related to the removal of illegal `Katchi Abadis` in the capital city. The court directed these authorities to explain the delay in implementation of the court's order issued in February 2014.
Islamabad High Court (IHC) on Thursday granted more time to federation for filing reply in identical petitions by different response to civil servants seeking promotion to BPS 21. A single member bench of Justice Shaukat Aziz Siddiqui resumed hearing of 30 petitions of civil servants seeking promotion. The bench conditionally allowed the federal government to notify the promotion of civil servants from grade 20 to 21.
A seminar on Fraud Awareness and Prevention was organized by United States Agency for International Development (USAID) in collaboration with Transparency International Pakistan recently at a local hotel. Director General National Accountability Bureau (NAB) (K) was invited as chief guest of the event. Besides, NAB was also invited to participate in the seminar and deliver presentation on "Role of NAB in Investigating Violations of the public procurement rules" and also present a case study involving completed investigation related to a public procurement.
Two policemen were killed and two other injured when militants opened fire and attacked police mobile van with rocket launcher in Dera Ismail Khan during wee hours on Thursday. According to police, the incident took place in Daraban area where policemen were on patrol. During the attack, one personnel was killed while three were injured. The injured policemen were rushed to DHQ Hospital, DI Khan, where another policeman succumbed to his injuries during treatment. Heavy contingent of police reached the scene after the incident and started search operation to arrest the attackers.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln