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Verdict reserved on pleas against Competition Commission Act LAHORE: The Lahore High Court Thursday reserved verdict on petitions challenging Competition Commission Act 2010. Justice Syed Mansoor Ali Shah heard more then 35 petitions filed by various companies against the act.During the hearing, the petitioners' counsels arguing before the court submitted that after 18th amendment, the federation did not have any authority to do legislation for competition commission.Now the provinces were empowered to do legislation for the purpose as it was a provincial subject, they added. They pleaded the court to set aside the act.However, a federal law officer submitted that after 18th amendment, the federation still had authority to do legislation on national level issues. He said that Competition Commission Act was devised to defend rights of the people as it check cartelization. He contended that if the act was set aside, then the cartelization could not be stopped. He pleaded the court to dismiss the petitions.The court ...

PM to inaugurate Low Cost Housing Scheme soon: Akram Durrani ISLAMABAD: Federal Minister for Housing and Works, Muhammad Akram Khan Durrani here on Thursday said that Prime Minister Muhammad Nawaz Sharif would soon inaugurate the Low Cost Housing Scheme for low income people.The minister while chairing Board of Director's BoD's meeting on Low Cost Housing Scheme said that five lac housing units would be constructed across the country which would be provided to low income people on easy monthly installments.Akram Durrani added that land for ...
Ashrafi for judicial commission to probe lynching incident LAHORE: Pakistan Ulema Council (PUC) Chairman Moulana Hafiz Tahir Mehmood Ashrafi on Wednesday demanded that a judicial commission should be constituted to probe the lynching of Hafiz Muhammad Naeem by a mob after twin blasts outside churches in Youhannabad last Sunday.He visited residence of Hafiz Naeem at Mustafabad near here to express grief and sympathy with the bereaved family and strongly condemned the incident.Talking to the media on the occasion, he said lynching was a ...
SC adjourns Hajj corruption case for two-weeks ISLAMABAD: The Supreme Court (SC) on Wednesday adjourned the hearing of Haj corruption case for two weeks. The three-member bench headed by Justice Anwar Zaheer comprising Justice Dost Muhammad Khan and Justice Umar Ata Bandial resumed hearing of the case. Justice Anwar Zaheer remarked that the court had earlier issued a show cause notice to the officers for showing neglegence in case but they did not bother to respond to the notice. The bench also ...
Nisar, Shahbaz discuss incident in Youhanabad ISLAMABAD: Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan held a meeting with Punjab Chief Minister Muhammad Shahbaz Sharif here at Punjab House on Wednesday and discussed the incident in Youhanabad.They decided to take strict action against those who burnt two persons alive and damaged public property.Strict action will also be taken against any police personnel found involved in the incident.Copyright APP (Associated Press of Pakistan), 2015 ...
New education policy to be launched in Jan 2016: NA told ISLAMABAD: Parliamentary Secretary for Federal Education and Professional Training Dr. Darshan on Wednesday apprised the National Assembly that new national education policy would be finalized till December and be launched in January 2016. Replying to various questions during Question Hour, he said that the new policy would be uniformly implemented in all provinces including Azad Jammu Kashmir and Gilgit-Baltistan. He said that the revision of National Education Policy (NEP) 2009 was also under consideration in ...
Raza Rabbani vows to make Senate exemplary institution ISLAMABAD: Chairman Senate Mian Raza Rabbani on Wednesday vowed to make the Upper House of Parliament exemplary and more vibrant institution.Addressing the employees of Senate, he said, "Cooperation of the employees will be required to make the Senate of Pakistan exemplary and more vibrant institution."He said the Senate was the symbol of federation and all available resources would be utilized to make people-friendly policies for benefit of the common man across the country.Strengthening the Senate, ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln