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Politics & Policy


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 relevant institutions.During meeting, the Chairman Privatization Commission Muhammad Zubair informed the body that National Accountability Bureau (NAB) has identified flaws and lack of coordination between Etisalat and Ministry of Information Technology in agreement of Pakistan Telecommunication Company Limited (PTCL) privatization.He apprised the committee that $ 800 millions are due towards Etisalat because the PTCL property could not be transferred to Etisalat in accordance with the agreement.Zubair said that out of total 3250 PTCL properties, 180 ...

LHC releases detailed judgement of Signal Free Corridor LAHORE: A Lahore High Court full bench comprising Justice Mansoor Ali Shah, Justice Muhammad Yawar Ali and Justice Ayesha A Malik on Wednesday released detailed judgment in Signal Free Corridor Project case.Justice Mansoor Ali Shah, who was heading the bench, authored the 110-pages judgment.The bench noted that the petitioners, in impugning the Project, had raised various grounds of attack, including violation of Environmental Protection Laws by the concerned authorities, the absurdity and irrationality of the ...
Ambassador Daniel Feldman calls on COAS RAWALPINDI: United States Special Representative for Afghanistan and Pakistan (SRAP), Ambassador Daniel Feldman called on Chief of Army Staff (COAS) General Raheel Sharif on Tuesday at General Headquarters.According to ISPR, issue of mutual interest and regional security situation, came under discussion during the meeting.Ambassador Feldman appreciated sacrifices and efforts by Pakistani security forces for peace and stability in the region.Copyright APP (Associated Press of Pakistan), 2015 ...
Govt committed to root out terrorism from country: Khurram ISLAMABAD: Federal Minister for Commerce, Engr. Khurram Dastgir Khan has said the government of Pakistan Muslim League-Nawaz (PML-N) was committed to root out menace of terrorism from the country.Talking to Pakistan Television (PTV), the minister said Karachi operation was initiated with the consultation of all the political parties and was continued with consistency till achievement of its goals.Khurram said the provincial government of Sindh would take care of all the issues related to the province ...
Minister stresses importance of aid to financing education ISLAMABAD: Minister of State for Education and Professional Training Engineer Muhammad Baligh ur Rehman Tuesday stressed the importance of aid and grant for financing education in Pakistan.The minister of state said this while attending the Seoul financing for sustainable development forum, at Seoul,said a message received here from South Korea.He said Pakistan needed global support at this critical juncture to continue the positive changes brought about by the current government.The minister presented country-specific point of ...
IHC declares diplomatic shuttle service contract illegal ISLAMABAD: The Islamabad High Court (IHC) on Tuesday declared illegal and void the contract of shuttle service in the diplomatic enclave granted to a private company while violating Public Procurement Regularity Authority (PPRA) rules.A one-Judge bench of Justice Shauqat Aziz Siddiqui heard the petition filed by Attaur-Rehman advocate challenging contract of Shuttle and transport service for diplomatic enclave in May 2008 for seven years.During the course of proceedings, Rehman alleged that the lease was granted ...
OGRA quorum to be completed in a month: LHC told LAHORE: The Lahore High Court was assured on Tuesday that quorum of Oil and Gas Regulatory Authority (OGRA) would be completed within a month.The assurance was given by Deputy Secretary Cabinet Division Muhammad Ishfaq who appeared before Justice Syed Mansoor Ali Shah in a civil miscellaneous application filed by the OGRA.The secretary apprised the court that appointments of OGRA members were being made and the authority's quorum would soon be completed. He pleaded the court ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln