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Ex-banker jailed for seven years for misappropriating Rs20mn KARACHI: A National Accountability Court here on Friday convicted Pervaiz Qasim, ex-OG-III, United Bank Ltd, Karachi, for seven years rigorous imprisonment and a fine of Rs.10.35 million for fraudulent misappropriation of bank funds worth Rs.20 million.The conviction was made under section 33-E of National Accountability Ordinance 1999, as land revenue arrears.The case itself was pursued in accordance to reference number 6/2009 - State Vs Pervaiz Qasim, the former UBL officer of grade three.Copyright APP (Associated Press of Pakistan), 2014 ...

Steel, marble factories threat to environment ISLAMABAD: Dozens of marble and steel factories, set up close to the residential area in sector I-9 have become the major threat to the environment.Air pollution is increasing day by day in twin cities of Islamabad and Rawalpindi as industrial zone was getting close to residential area.The residents frequently complain of diseases like chest congestion and asthma, which are directly linked to air pollution according to residents.Talking to APP, Daud Ali, a resident of sector ...
First PIA Hajj flight leaves for Jeddah from BKIA PESHAWAR: The first special Hajj flight of Pakistan International Airlines (PIA) carrying 323 intending pilgrims left Bacha Khan International Airport (BKIA) here for Jeddah on Friday morning.According to Hajj directorate, a total of 24400 intending pilgrims will be airlifted to Hajjaz-e-Muqadas from Peshawar. Twenty five scheduled PIA Special Hajj flights and other Airlines will airlift the intending pilgrims.Saudi Airlines has resumed its flights to airlift intending pilgrims as well as passengers. The Saudi Airlines and ...
Traders, residents facing difficulties as PTI, PAT sit-ins continue ISLAMABAD: The small traders and labour community of the federal capital have expressed displeasure over the sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) that have badly hampered their businesses and routine lives.People belonging to all walks of life have emphasized the need for a designated place in the capital for holding public meetings, rallies and long marches.Kashif Riaz, a shopkeeper at G-7 market said that there is a growing anger and resentment ...
'New Judicial Year' opening ceremony of Supreme Court to be held on September 8 ISLAMABAD: New Judicial Year opening ceremony of the Supreme Court will be held on September 8 (Monday) with the end of the summer vacations.The ceremony will be held at 9-30 am at Court Room No 1 in the Supreme Court building.According to the scheduled programme, Chief Justice of Pakistan Justice Nasir-Ul-Mulk, Attorny General for Pakistan Salman Butt, Vice Chairman Pakistan Bar Council and President Supreme Court Bar Association Kamran Murtaza will speak on the occasion.Judges ...
Number of Afghan refugees grows steadily PESHAWAR: Despite the continuing process of voluntary repatriation of Afghans, the number of registered refugees in Pakistan was growing steadily as approximately 50,000 children are born to refugee families every year.The UN Refugee Agency has said that the National Database and Registration Authority (Nadra) would register some 150,000 children born to the registered parents in past five years and issue birth certificates to over 330,000 Afghan children below the age of 18.UNHCR spokesperson Dunya Islam ...
Saudi Airlines resumes flights at BKIA PESHAWAR: The Saudi Airlines has resumed its flight operations from Bacha Khan International Airport (BKIA) here Thursday after a gap of nearly two months when shots were fired on a PIA flight heading towards the runway for landing.After resumption, the first flight of Saudi Airlines from Riyadh landed at BKIA at 12:40p.m and left for Jeddah to carry 293 intending Hajj pilgrims.The spokesman for Civil Aviation Authority said that it was also expected that Etihad ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln