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The ruling PML-N is the most affected by horse-trading and is struggling to deal with revolt by its South Punjab backbenchers against the party leadership's selection of Senate candidates, it emerged here on Saturday. This was the primary reason for the decision of Prime Minister Nawaz Sharif to call an All Parties Conference at the eleventh hour but no consensus was reached on the proposed constitutional amendment.

The ruling party has once again failed in convincing Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman over the 22nd constitutional amendment. The government committee led by Federal Minister for Information and Broadcasting Pervaiz Rasheed met the JUI-F chief here on Saturday to address his concerns over the 22nd constitutional amendment. Railways Minister Khawaja Saad Rafiq was also present during the talks.
The Federal Board of Revenue (FBR) is compiling authentic data of pending and issued refunds with regard to income tax and sales tax/federal excise duty (FED) for the period July 1, 2014 to January 31, 2015 for onward transmission to the Federal Tax Ombudsman (FTO), investigating case of alleged figure fudging.
The Economic Co-ordination Committee of the Cabinet in its meeting chaired by Finance Minister Ishaq Dar Saturday approved an amount of Rs 960 million for payment of two months' salaries to workers of Pakistan Steel on an urgent basis. Chairman Pak Steel briefed the meeting about the current profile of Pak Steel saying some difficulties were being faced in production due to power and gas shortage.
Western leaders on Saturday condemned the drive-by shooting of Russian opposition leader Boris Nemtsov, a fierce critic of President Vladimir Putin, as he was walking across a bridge near the Kremlin. US President Barack Obama decried the "brutal" and "vicious murder" of Nemtsov, which came ahead of a major opposition rally planned for Sunday, and called on Russia to conduct an impartial probe.
The murder of Russian opposition politician Boris Nemtsov was carefully planned, investigators said Saturday, pointing to details of the weapon used and the killers' knowledge of his movements. "There is no doubt that the crime was meticulously planned, as well as the place chosen for the murder," the powerful Investigative Committee, which has been put in charge of the probe, said in its first detailed statement on the drive-by shooting of the 55-year-old politician.
Three hours before his death, Boris Nemtsov gave an interview to a Moscow radio station, condemning President Vladimir Putin's actions in Ukraine and calling for an end to the conflict. In a 45-minute live interview on the popular Echo of Moscow station, Nemtsov urged listeners to take part in an opposition rally in Moscow on Sunday. The organisers are now planning a march to mourn his killing instead.
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ICT 2014

Foreign Debt $61.805bn
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WeeklyFebruary 26, 2015
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