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LHC disposes of plea for delaying first phase of LG polls LAHORE: The Lahore High Court Thursday disposing of a petition for directions to delay first phase of local government elections in Punjab directed the petitioner to approach the Election Commission of Pakistan (ECP).Justice Ijaz ul Ahsan was hearing the petition filed by Mujlis Wahdatul Muslimeen.The party had requested the court to issue directions for delaying the first phase of local government elections in Punjab owing to Muharram.The court directing the petitioner to approach the ECP observed that election commission was an independent institution."It was its prerogative to hold or delay the elections", he added. Copyright APP (Associated Press of Pakistan), 2015 ...

Over one million children to be vaccinated against polio in Karachi: Jam Mehtab KARACHI: Sindh Minister for Health Jam Mehtab Hussain Dahar has said that the new phase of anti-polio drive will be launched from October 7 in Karachi which will target 1,016,499 children of under 5 years. The campaign will be launched in 80 union councils of six districts of Karachi and 2795 mobile teams will perform their duties.This he said while presiding over a meeting on Thursday in his office here, said a statement.He said that ...
Traffic policeman shot dead in Malir KARACHI: A traffic policeman was shot dead on Wednesday night by unidentified assailants in Malir area of the metropolis, the police said. According to the IG Sindh office ASI Zulfiqar of traffic police was killed by unknown armed men near Kalaboard, Malir. The policeman was posted in Model Colony. The body was shifted to hospital for medico-legal formalities. The police have started investigation into the incident. Copyright APP (Associated Press of Pakistan), 2015 ...
Govt extends date for filing tax return ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar Wednesday announced one month extension in the date for filing income tax returns till October 31.He also informed that the Economic Coordination Committee (ECC) of the Cabinet in its meeting held Wednesday approved to extend the date to continue deduction of withholding tax on banking transactions of over Rs 50,000 at 0.3 percent for one month.Addressing a press conference, the minister said withholding tax was reduced from ...
Dar reviews progress on energy sector reforms ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here Wednesday to review the progress on the Energy Sector Reforms.Officials of Ministries of Finance and Water and Power briefed the Minister on the latest status of the on-going power sector reforms.It was stated that the Ministries were maintaining close coordination to ensure that agreed reform related actions were completed as per the set timeline.The Minister expressed satisfaction on the actions completed so far ...
Shahbaz's message on 66th national day of China LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has congratulated Chinese President, Prime Minister, Chinese leadership and people on the occasion of the 66th national day of China. In his message here Wednesday, the chief minister said that China has become the second biggest economic power of the world due to its best economic policies and despite worst recession, it has controlled its economy efficiently. He said that China has become a defense power in a ...
PM orders to seal schools defying orders of fee reduction ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday directed the authorities to seal the schools that are not complying with the orders of reducing or reimbursing the raise in their fees.Taking strong notice of the situation, the Prime Minister directed the Private Educational Institutions Regulatory Authority (PEIRA) to address the grievances of the parents on immediate basis.On the directives of the Prime Minister, the PEIRA constituted a Grievance Cell to address the complaints submitted by ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln