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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 bench of the apex court headed by Justice Mian Saqib Nisar and comprising Justice Mushir Alam and Justice Umar Ata Bandial heard the case and issued orders. The court in its written order stated that in the vacuum resulting from the absence of an elected Lahore Metropolitan Corporation, the initiation, approval and execution of the disputed Signal Free Corridor project by the Provincial Government through its agency, LDA, is held to be valid. The said ...

Sharif family never usurp loans; paid each penny to banks: Shahbaz LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif clarified on Wednesday that Sharif family had paid Rs 5.228 billion in December 2014 under the head of all loans, markup, cost of fund and other charges payable by Ittefaq Foundery and a consortium of banks also issued clearance certificate in this regard. Addressing a news conference regarding news published in newspapers about the loans of Ittefaq Group here, he said: "Sharif family has not usurped the loans ...
Senate to debate 1400 acre PARC land issue ISLAMABAD: The Senate on Wednesday accepted adjournment motion to debate proposed conversion of 1400 acre land of National Agricultural Research Centre by CDA into residential and commercial plots.Moving the motion in the House, Mushahid Hussain Syed said that PARC was promoting agricultural research in the country for the past 30 years and the Capital Development Authority wants to forcibly occupy its land purely for residential and commercial purposes. He claimed that it was not included ...
MPs, families entitled to medical facilities: Chairman Senate ISLAMABAD: Chairman Senate Mian Raza Rabbani on Wednesday ruled that a Member of the Parliament and his family, that is, spouse, minor children and unmarried daughters of the Members residing with and wholly dependent on the Member shall be entitled for medical facilities.In his ruling, the Chairman Senate said that the MPs were entitled to the same medical facilities as are admissible to a Gazetted Officer (Class-I) of the Central Government and the spouse and ...
Chairman, members of NCHR appointed: Senate told ISLAMABAD: Federal Minister for Information, Pervaiz Rashid informed the Senate on Wednesday that Chairman and members of National Commission for Human Rights (NCHR) had been appointed and the Commission would be able to start functioning very soon.He was responding to Calling Attention Notice of Agha Shahbaz Khan Durrani regarding non-provision of funds and other facilities like transport, office, office-staff etc, to the National Commission for Human Rights due to which the Commission is not working ...
CM Sindh distributes compensation cheques among Safoora goth victims KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah in a simple ceremony distributed cheques among the heirs of Safora Goth tragedy.The CM Sindh gave away Rs 500,000 compensation for each shaheed and Rs 200,000 to each injured. There were 45 martyred and 6 injured in the tragdey, said a statement on Tuesday.The Aga Khan community leaders welcoming the CM Sindh and thanked him for his personal interest to detect the case within a record few ...
NADRA blocks 4,920 CNICs in last two years, Senate told ISLAMABAD: National Database and Registration Authority (NADRA) has blocked 4920 Computerised National Identity Cards (CNICs) issued to aliens, the Senate was informed Tuesday.In a written reply to the question of Rozi Khan Kakar, the Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan said the CNICs were issued from various centres in Balochistan provinces.Giving details, he said 1,522 blocked applicants were having more than one CNIC, 117 were confirmed aliens and 3,281 were suspected ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln