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Politics & Policy


SHC deferred hearing on petition from Ali Hassan Zardari till Aug 12 HYDERABAD: The Sindh High Court here Tuesday deferred the hearing till August 12 in a petition filed by an influential person whose residence in Nawabshah was raided on June 28 by a team of National Accountability Bureau. In the urgency plea filed by the petitioner Ali Hassan Zardari on July 9, he pleaded the SHC Hyderabad Circuit Bench to allow him a foreign visit on health grounds. During the hearing, the counsels of NAB, Federal Investigation Agency (FIA) and the Rangers informed the court that they had not received copy of the petition and that they request for time to prepare the reply. In view of their request, the SHC fixed the hearing on August 12 and ordered the NAB, FIA and Rangers to submit reply. Zardari during the previous hearing informed the court that he was suffering from hepatitis C and his London, UK, based doctor had given him ...

Mushahidullah directs Pak-EPA to ensure environmental laws' compliance over Expressway expansion project ISLAMABAD: Federal Minister for Climate Change Senator Mushahidullah Khan Tuesday directed the Pakistan Environmental Protection Agency (Pak-EPA) to ensure compliance of environmental laws regarding the Islamabad Expressway expansion project launched recently by the Capital Development Authority (CDA).The minister issued the directive while taking serious notice of the alleged violation of the Section 12 of the Pakistan Environmental Protection Act-1997 (PEPA-1997) by the civic agency in respect of the Islamabad Expressway expansion project, said a press ...
Consensus on all points for code of conduct for electronic media: Irfan Siddiqui ISLAMABAD: The government and Pakistan Broadcasters Association (PBA) have reached a consensus on all points for code of conduct for electronic media and soon a summary will be sent to the Prime Minister for their implementation.The PBA played a responsible role in finalizing the code of conduct draft by attending many meetings held in this regard. Deliberations on every point and each word of code of conduct were thoroughly made in the meetings before reaching ...
LHC issues notice to govt on plea against GIDC LAHORE: The Lahore High Court on Monday issued notice to the federal government and others for filling reply within four weeks on a petition challenging the levy of Gas Infrastructure Development Cess (GIDC) on the consumers of electricity.The court also summoned relevant authorities including NEPRA for July 16 on an application to stay recovery of 11 billion GIDC from electricity consumers.Justice Shahid Mubeen passed orders on a petition filed by Judicial Activism Panel Chairman Azhar ...
LHC summons Finance Secretary on contempt plea LAHORE: The Lahore High Court (LHC) on Monday summoned provincial secretary finance for July 22 on a contempt petition against non-provision of judicial allowance and adhoc relief to court employees despite court's order.The single bench comprising Justice Syed Mansoor Ali Shah was hearing the contempt petition filed by Syed Riaz Ali Zaidi and others.During the hearing, petitioner's counsel submitted that Punjab government's intra-court appeal against orders of the court for payments of judicial allowance and ...
Collective efforts needed to check adulteration LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that those involved in adulteration of food items are enemies of humanity and deserve maximum punishment.Presiding over a meeting here on Monday, he said that mafia involved in adulteration would be eliminated with coordinated and collective efforts as people could not be left at its mercy.Chief Minister said that stern action would be taken against those manufacturing substandard and adulterated items that their future generations would ...
Engro delegation meets Finance Minister ISLAMABAD: A delegation of the Engro fertilizers called on Finance Minister, Senator Mohammad Ishaq Dar here on Sunday.The delegation felicitated the Finance Minister on the agreement reached with traders associations/members of the business community, amicably resolving the issue regarding withholding tax on banking transactions, a statement said.The delegation also apprised the Minister about Engro's production plan and its contribution to the national exchequer.The Minister appreciated Engro fertilizers contribution and its efforts to meet the requirement ...


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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln