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Rs13bn pension fund managed despite all hurdles: EOBI ISLAMABAD: Employees Old Age Benefits Institution (EOBI) has managed to receive pension fund of over Rs 13 billion from registered employers which is 20 per cent more as compared to previous year.Chairman, EOBl, Ayub Shaikh on Friday informed a meeting that 5,000 new employers and their employees were brought in to pension net.The meeting, chaired by Minister for Overseas Pakistanis and Human Resource Development, Pir Syed Sadaruddin Shah Rashidi was held to review annual performance of EOBl.He lauded efforts of Pir Syed Sadaruddin and said new management did all for introducing reforms and maintaining hegemony of merit as results are very encouraging.Assets of the organization have risen to Rs 31 billion, and managerial expenditures have been brought down to 37 per cent as compared to past year.The Chairman also gave indication of a new system in place for old people that would mitigate their sufferings and they will not have ...

Nine suspects involved in Naval Dockyard incident arrested: Defence Minister ISLAMABAD: Defence Minister Khawaja Asif on Friday said law enforcement agencies have so far arrested nine suspects involved in the Naval Dockyard incident.Talking to media outside the Parliament House, he said the attack, without inside assistance, was impossible for the miscreants. "We have so far arrested nine persons including two navy men, while further efforts are on to arrest those who managed to flee aborad."Pakistan Navy, the Minister said, had foiled the designs of terrorists ...

LHC issues notice to Ministry on plea for girl's custody LAHORE: The Lahore High Court on Friday issued a notice to the Ministry of Foreign Affairs for October 1 on a petition for custody of a 5-year-old girl who was treated medically in India after being injured in an accident during a visit.Justice Shahzada Mazhar passed the orders on a petition filed by the minor girl's grand mother Greta Rose.During the hearing, the petitioner's counsel submitted that petitioner's son Azeem Shahzad John married with Shabnum ...

People can't be deceived by hollow slogans of revolution, 'Azadi': Khursheed ISLAMABAD: Leader of the Opposition Syed Khursheed Ahmed Shah Friday said people could not be deceived with hollow slogans of revolution and freedom as barring Red Zone the whole country is peaceful.Addressing the Joint Sitting of the Parliament, he urged the leadership of Pakistan Tehreek-e-Insaaf (PTI) and Pakistan Awami Tehreek (PAT) to avoid provocative speeches.Parliament was the right forum to take vital decisions and decisionscould not be imposed through sit-ins and protest marches.He urged Imran ...

Over 41,500 relief items distributed among IDPs DERA ISMAIL KHAN: District administration is taking solid measures to extend relief to the Internally Displaced Persons (IDPs) of North Waziristan staying here with distributing over 27,900 food and 13600 non-food items among 5985 families, so far.According to an official report, three assistance centers in government educational facilities have been wound up and a new center at Sports Stadium, Ratta Kulchi has been made operational to distribute relief good among these families.Regarding the cash disbursement ...

Asfandyar Wali praises army's neutral role in present political impasse CHARSADDA: Awami National Party (ANP) believed in democracy and offered great sacrifices to protect it from being damaged by the hidden forces and will do the same in the future as well, said ANP President Asfandyar Wali Khan here on Friday.Talking to mediamen here at his residence, the ANP President reiterated his party was not supporting Nawaz Sharif but siding with parliament and democracy, adding Imran Khan and Tahirul Qadri have no regards and respect ...

MQM demands Parliamentary Commission for creating new administrative units ISLAMABAD: A Parliamentary Commission, having representation from all political parties, should be constituted for exploring the creation of new administrative units in the country, Dr Farooq Sattar of Mutahidda Quomi Movement (MQM) said Friday.Speaking on a Point of Order at Joint Sitting of Parliament, he said current century was of de-centralization and we should keep pace with time.New administrative units should be established on the basis of population. He said an independent local body system ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln