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Politics & Policy

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SC issues notice to Secretary Finance in Nandipur project case ISLAMABAD: The Supreme Court on Thursday issued a notice to the Secretary Finance regarding the non-issuance of sovereign guarantee for Nandipur Power Project, which delayed its completion.The notice was issued by the three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Ijaz Ahmed Chaudhry and Justice Gulzar Ahmed during the hearing of a petition submitted by Khawaja Muhammad Asif, leader of the Pakistan Muslim League-Nawaz (PML-N).The court noted that the project, which commenced in 2008, was due to be completed in April 2011 but it was still in limbo.The bench was apprised that already billions of rupees had been spent on the 450 Mega Watt power project which could not be completed due to the lethargic behaviour of the Ministry of Finance.During the course of proceedings, Khawaja Asif told the bench that the machinery worth millions of rupees, which arrived at the Karachi Port Trust about two years back, was ...

SC dismisses Mehnati's petition regarding rigging in Karachi ISLAMABAD: The Supreme Court on Thursday dismissed a petition filed by Muhammad Hussain Mehnati, Ameer Jamaat-i-Islami (JI), Karachi regarding the rigging in the mega city during the general elections. The three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Ijaz Ahmed Chaudhry and Justice Gulzar Ahmed heard the constitutional petition filed by Mehnati under Article 184 (3) of the Constitution. The Chief Justice remarked that how a political party, which did not take part in ...
UAE court reserves judgment regarding Tauqir Sadiq: SC informed ISLAMABAD: The Supreme Court was informed on Thursday that a UAE court had reserved its judgment over the deportation of former OGRA chief Tauqir Saddiq.The three memebr-bench comprising Justice Jawwad S Khawaja, Justice Ijaz Afzal Khan and Justice Khilji Arif Hussain resumed the hearing of Oil and Gas Regulatory Authority (OGRA) implementation case and the escape of its former chairman to the UAE. It may be mentioned that Sadiq, who was charged with embezzling Rs ...
PTI to fulfill masses aspirations: Hashmi ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senior Leader Javed Hashmi on Thursday said people wanted a change and prosperity in the country and only his party could fulfill their wishes. Talking to APP, he said that PTI is determined to provide a credible leadership to set the course for a sovereign and economically strong Pakistan. To a question, he said that there would be no future of the country unless the corruption is uprooted from the country. To another question, ...
Analysts term reconciliation policy of PPP, PML-N as good step ISLAMABAD: Analyst Zia-ud-Din has termed the policy of reconciliation a good step as PML-N chief Nawaz Sharif is trying to make a consensus on national agenda while taking all the stakeholders alongside.Talking to Radio Pakistan, he remarked that PPP is also following policy of reconciliation and wants to form coalition government in Sindh.However, he added that previously PPP formed a coalition government in Sindh along with MQM and ANP to restore peace in Karachi but ...
SC suspends transfers, appointments by caretakers ISLAMABAD: The Supreme Court on Wednesday passed interim order to suspend all transfers and appointments made during the period of caretaker government.A three-judge bench headed by Chief Justice Iftikhar Muhammad Chauhdry resumed the hearing of a petition filed by Khawaja Muhammad Asif, a leader of Pakistan Muslim League Nawaz (PML-N) over a large scale of transfers and appointments by the caretakers.During the course of proceeding, Khawaja took the plea that under the constitution of Pakistan ...
SC adjourns hearing against Altaf while pointing out errors in petition ISLAMABAD: The Supreme Court on Wednesday adjourned hearing of a constitutional petition against Altaf Hussain, the chief of Muttahida Qaumi Movement (MQM) while pointing out errors in the petition and directed the petitioner to re-submit it before the court. The petition was filed by the leaders of Watan Party against Altaf Hussain praying the court to put a ban on the functioning of MQM in Pakistan and its leader Altaf Hussain's broadcasts and telecasts also ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln