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Ahsan Iqbal for introducing fundamental changes in recruiting system ISLAMABAD: Minister for Planning Development and Reforms, Ahsan Iqbal here on Tuesday called for introducing fundamental changes in recruiting system in government sector.Chairing a meeting on civil service reforms, the minister said that new governance model based on institutional, inclusiveness, collaborative and citizen-focused themes need of the hour, said a statement.He also asked for revamping the performance evaluation system on modern lines to enhance the performance of governmental institutions for socio economic development of the country.He said that performance contracts are being introduced for ministries to bring greater efficiency.National University of Public and Policy Administration is being established and modern disciplines will be introduced in training performance to upgrade public offices, he added.Ahsan Iqbal said that reforms in civil service examination also required to attract specialists for different sectors. Copyright APP (Associated Press of Pakistan), 2015

SC directs NAB to submit report of 50 mega corruption cases ISLAMABAD: The Supreme Court Tuesday directed the National Accountability Bureau (NAB) authorities to submit comprehensive report on 50 mega corruption cases. A three-member bench headed by Justice Jawwad S. Khawaja comprising Justice Jawwad S Khawaja and Justice Maqbool Baqar heard a case regarding performance of the National Accountability Bureau (NAB). Justice Sheikh Azmat Saeed observed that NAB authorities had acquitted almost 75 percent accused on the basis of "Plea Bargain" and volunteer recovery according to ...

Mobile phone imports increase by 15.86pc in 11 months ISLAMABAD: Mobile phone imports in Pakistan have increased by 15.86 % in first eleven months of fiscal year 2014-15 and reached US $ 653.808 million.The mobile phone exports were US $ 564.293 million in same period last year.As per figures issued by Pakistan Bureau of Statistic, on year on year and month on month basis, the mobile phone imports into the country increased by 20.72% and 3.27% as compared to imports in May 2014 and ...

LSE gains 116.31 points LAHORE: Lahore Stock Exchange (LSE) here Tuesday witnessed bullish trend by gaining 116.31 points as the LSE Index-25 opened with 5875.90 points and closed at 5992.21 points. The market's overall situation also corresponded to an upward trend as it remained at 4.080 million shares to close against previous turnover of 951,700 shares, showing an upward move of 3.128 million shares. While, out of the total 85 active scrips 27 moved up, 9 shed values and ...

Sindh Govt decides to set up heatstroke centres across province KARACHI: The Sindh Government, as a policy, has decided to set up district level heatstroke relief centers across the province to avert associated public health risks in face of predicted rise in temperature with every passing year.Sindh Minister for Information and local Government Sharjeel Inam Memon, talking to media Tuesday, said each of these centres will be well-equipped with all relevant facilities including provision for round-the-clock cooling and interventions required to address dehydration, gastroenteritis etc.These ...

56,000 KMC/DMCs employees open accounts in Sindh Bank KARACHI: Fifty six thousand employees of Karachi Metropolitan Corporation (KMC) and those associated with 6 different district municipal corporations (DMCs) of the metropolis have opened their accounts in Sindh Bank to draw their salary from July and onwards.Sindh government in its decision to purge civic bodies of the menace of ghost employees, following a identification exercise, had asked all the concerned officers and staffers to open afresh their accounts at Sindh Bank a few months ...

Businessmen urged to explore business in CARs RAWALPINDI: The business community on Tuesday was urged to explore business opportunities in the Central Asian Republics (CARs) as vast avenues are lying unexplored in the region."The businessmen should concentrate more on exploring vistas for business in the CARs", said President Rawalpindi Chamber of Commerce and Industry (RCCI) Syed Asad Mashadi said addressing a meeting of the chamber here.Mashadi pointed out that strategic location of Pakistan needs be utilized for expanding and strengthening of the ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln