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Politics & Policy


CM for strict action against adulterated food items LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that elements involved in selling substandard, unhygienic and adulterated food items deserve no leniency. Addressing a meeting held to review the performance of Punjab Food Authority (PFA) here Thursday, he said that PFA should continue its action against those involved in adulteration in edible items. He said that those involved in adulteration in edible oil, ghee, milk, spices, water and other items should be exposed and such elements should be sent to jails. He directed strict action against the persons involved in this heinous trade, adding no one can be allowed to play with human lives. The meeting decided to make the laws of PFA more strict and approval was accorded to recruitment of new Food Safety Officers and Assistant Food Safety Officers. The Chief Minister said that all food testing laboratories should be outsourced as soon as possible. He said ...

SC urges govt to be ready to counter unfortunate incidents in monsoon  ISLAMABAD: The Supreme Court on Thursday urged the government to gear up to counter any unfortunate incident as the monsoon showers have started. The three-member bench headed by Justice Saqib Nisar and comprising Justice Mushir Alam and Justice Umar Ata Bandial resumed hearing of the case regarding implementation on the Flood Commission report. During the course of proceedings, Deputy Attorney General Sohail Mahmood told the court that the federation has constituted a Federal Flood Commission ...
Senate passes 3 bills unanimously ISLAMABAD: Other than the important Local Government bill, the Upper House of the Parliament on Thursday unanimously passed another three bills. These bills included Federal Employees Benevolent Fund and Group Insurance (First Amendment) Bill, 2015, the Federal Employees Benevolent Fund and Group Insurance (Second Amendment) Bill, 2015 and the Capital University of Science and Technology Bill, 2015.All the three bills were moved by State Minister for Parliamentary Affairs Shaikh Aftab Ahmed. Giving the statement of ...
SC stops govt from collecting power arrears in one go ISLAMABAD: The Supreme Court on Thursday stopped government from collecting surcharge on electricity bills in one go and also directed to collect surcharge in installments.The three-member bench of the apex court headed by Chief Justice Jawwad S. Khawaja and comprising Justice Amir Hani Muslim and Justice Ejaz Afzal Khan heard the case over surcharge in electricity bills.During the course of proceedings, petitioner's counsel Salman Akram Raja told the court that on surcharge payment seemingly appears ...
Qaim directs KWSB for necessary steps to start chlorination of water KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has directed Karachi Water & Sewerage Board (KWSB) to take necessary measures to start chlorination of water in the vulnerable areas located out of water board's limits.He also asked the concerned departments to launch awareness campaign against Dengue and Naegleria.This he said while presiding over a joint meeting of Health department, KWSB and KMC to evolve strategy to combat the menace of Dengue and Naegleria here on ...
Islamabad LB polls; SC directs ECP to notify a revised schedule ISLAMABAD: The Supreme Court on Wednesday directed the Election Commission of Pakistan (ECP) to notify a revised schedule for the Local Bodies (LB) elections in the federal capital. The elections were previously scheduled to be held in the Federal Capital Islamabad on 25 of this month. However, due to the absence of a relevant law, the court has rejected the schedule and asked ECP to issue a revised schedule. The National Assembly passed the Local ...
SC validates Lahore signal free corridor project ISLAMABAD: The Supreme Court on Wednesday validated the Lahore signal free corridor project initiated, approved and executed by the Punjab provincial government through Lahore Development Authority (LDA). According to details of the case, Construction of the project was awarded to the Contractor on February 19, 2015, who had already undertaken construction in the value of Rs.60 million before the interim restraint order was issued by the Lahore High Court on March 6, 2015. The three-member ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln