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Politics & Policy


Committee set up to probe Shadbagh tragedy: CM LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said a high level committee has been constituted to probe Shadbagh tragedy and in the light of its report, stern action would be taken against the persons.Presiding over a high level meeting through video link at Civil Secretariat on Thursdy, he is deeply grieved over the death of six children due to fire in Shadbagh.The meeting reviewed performance of relief agencies in the wake of the tragic incident in Shadbagh. An uncle of the deceased children also participated in the meeting at Civil Secretariat.Speaking on the occasion, the chief minister said a station of Rescue-1122 will be set up in Shadbagh. He said that there was a dire need of overhaul of the entire system of fire brigade and the merger of fire brigade into Rescue-1122 should be considered. He said that this tragic incident has also raised questions about the efficiency ...

Global climate agreement unlikely without finance for climate-vulnerable poor nations, Mushahidullah ISLAMABAD: Federal Minister for Climate Change Senator Mushahidullah Khan has welcomed imposing remark of the French president regarding the much-awaited global climate agreement, in which the latter has told rich countries, that a roadmap for ramping up climate finance for developing countries to $100 billion a year by 2020 is inevitable to agreeing the new global climate deal in Paris later this year.The minister has also backed argument of the French president Francois Hollande that ...
Ebad praises police over arrest of bus attack suspects KARACHI: Sindh Governor Dr. Ishratul Ebad Khan has appreciated the Sindh police and other law enforcement agencies over the arrest of Safoora Goth bus attack suspects.During a meeting with a delegation of the Ismaili community at the Governor House here on Wednesday, he said that the police's hardwork to arrest the culprits is praiseworthy.Inspector General of Police Ghulam Haider Jamali and other senior officials were present. The IGP informed that the Safoora incident's suspects have ...
Senate passes GIDC Bill ISLAMABAD: The Senate on Wednesday passed Gas Infrastructure Development Cess Bill, 2015 amid a protest from some opposition members. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi in his winding up speech said National Assembly has already passed the Bill and said the government requires Rs. 1000 billion annually to maintain and improve gas infrastructure in the country. He said that Rs 100 billion would be collated annually through this levy and it would ...
PM visits Mausoleum of former President of Turkmenistan ASHGABAT: Prime Minister Muhammad Nawaz Sharif Wednesday visited the Mausoleum of former President of Turkmenistan, Saparmurad Niyazov here at "Kipchak" Settlement.The Prime Minister laid floral wreath at the Mausoleum and paid his respects. He was accompanied by Commerce Minister, Khurram Dastagir Khan, Water and Power Minister Khawaja Muhammad Asif and Political Secretary to PM Dr. Asif Kirmani.The Prime Minister on this occasion also visited the Mosque in "Kipchak" Settelement.Copyright APP (Associated Press of Pakistan), 2015 ...
Saira Tarar calls for strengthening cooperation in ECO countries ISLAMABAD: Minister for National Health Services, Regulation and Coordination Saira Afzal Tarar called for strengthened cooperation in improving health indicators between countries of the Economic Cooperation Organization that comprises of ten nations including Pakistan.She said this while addressing Health Ministers of ECO countries during the World Health Assembly being held in Geneva.Besides shared cultural and historical links we can use the existing infrastructural and business links to further fortify ongoing efforts to address issues like ...
PAC seeks audit of PTCL privatization agreement ISLAMABAD: The Public Accounts Committee (PAC) of National Assembly on Wednesday directed Auditor General to conduct a detailed audit of agreement related to the sale of 26% shares of PTCL.The PAC met here under the chairmanship of Sayed Khursheed Shah and attended by other members of committee including Sayed Naveed Qamar, Shafqat Mehmood, Azra Fazal Pechuho, Raja Javed Ikhlas, Shahida Akhtar Ali, Junaid Anwar Chaudhary, Dr. Arif Alvi, Sardar Ashiq Hussain Gopang and officials of ...


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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
WeeklyMay 21, 2015
Reserves $17.75 bln