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LHC grants bail to former EOBI chairman in six cases LAHORE: The Lahore High Court on Monday granted post arrest bail to Zafar Iqbal Gondal, former chairman Employees Old-Age Benefits Institution (EOBI), in six different cases.The court ordered the accused to submit two sureties of Rs 1 million in each case to avail the bail.Justice Ali Baqar Najfi awarded the bail while accepting the post-arrest bail applications of the accused. The court had reserved the verdict on bail applications after hearing arguments of all parties.Earlier, defence counsel Azam Nazir Tarar submitted that Federal Investigation Agency had registered six different cases alleging that the accused approved purchase of six properties in Lahore at inflated prices which caused loss to the institution.He contended that the charges levelled against the accused were baseless and unjustified as no proof was available. He pleaded the court to grant benefit of bail to the accused.However, a deputy attorney general and EOBI counsel opposed the request and ...

Talal Bugti died of cardiac arrest QUETTA: Jamhoori Watan Party (JWP) chief Nawabzada Talal Akbar Bugti died of cardiac arrest here on Monday. Family sources of deceased leader said that Nawabzada Bugti was shifted to Combined Military Hospital (CMH) Quetta on Sunday last in view of his critical health condition where he suffered a heart attack leading to his demise. Talal Akbar Bugti born in 1952 was the son of veteran politician late Nawab Akbar Bugti. He was viewed as astute ...
Prime Minister condemns firing at pilgrims' bus in Quetta LONDON: Prime Minister Muhammad Nawaz Sharif Monday strongly condemned the incident of firing at a bus of pilgrims in Quetta.The Prime Minister, who is in London on a visit, extended condolences to the bereaved families and directed the authorities concerned to provide the best medical treatment to the injured.He sought report into the incident and directed the authorities to apprehend the culprits at the earliest.He reiterated government's resolve in eradicating the menace of terrorism and ...
Jahangir Tareen grieves over loss of lives in Peshawar ISLAMABAD: Central Leader Pakistan Tehreek-I-Insaf (PTI) Jahangir Tareen on Monday expressed grief and sorrow over the loss of precious lives, injuries to people and damage to property due to wind-storm in Peshawar.In a condolence message, he said "My heart goes out to those who killed and displaced due to the natural calamity".During Umrah at Masjid-e-Nabvi, he prayed for the early recovery of injured and also sympathized with the affected families.Copyright APP (Associated Press of Pakistan), ...
ECP de-notifies Ijaz Chaudhry as MNA ISLAMABAD: Election Commission of Pakistan on Monday de-notified Ijaz Ahmed Chaudhry as member National Assembly from NA-108 Mandi Bahauddin-I. The Commission has de-notified Ijaz Chaudhry as MNA with immediate effect in pursuance of decision of Supreme Court in a civil appeal Ijaz Ahmed Chaudhry vs Mumtaz Ahmed Tarar and others. Copyright APP (Associated Press of Pakistan), 2015 ...
By-Election in NA-108 Mandi Bahauddin on June 08 ISLAMABAD: Election Commission of Pakistan on Monday announced to hold by-election in National Assembly constituency NA-108 Mandi Bahauddin-I on June 08, 2015. According to schedule announced by the Commission, a public notice by the Returning Officer will be issued on April 30 while date for filing of nomination papers will be May 04 and May 05, 2015. The scrutiny of nomination papers will take place on May 06 and May 07 while dates for filing ...
Marvi inaugurates BISP Bio-metric Disbursement Centre in Larkana LARKANA: Chairperson Benazir Income Support Programme (BISP) and Minister of State, Marvi Memon on Monday inaugurated the Biometric Disbursement Center at BISP Regional Office Larkana. The introduction of biometric system is aimed at ensuring fair distribution of stipend among the BISP beneficiaries. Addressing the inauguration ceremony and later talking to the media, she vowed to wage a war against middlemen and manipulators and to protect the self-respect of beneficiaries. The BISP chairperson said the purpose ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln