Tag Archives: Government

Govt borrows Rs 400b for budgetary support in less than six months

Govt borrows Rs 400b for budgetary support in less than six months

KARACHI – The year 2010 will be remembered as the year of massive borrowings by the federal government for budgetary support. In a period of less than six months, (July to Dec ember 18, 2010) the budgetary borrowings of the government surpassed the quantum of total annual borrowings in FY10.
In 2009-10, the federal government borrowed Rs 330 billion, while from July-Dec 18, 2010, the budgetary borrowings went up to Rs 400 billion, Rs 70 billion higher than 2009-10. During the

MQM to topple government if ISI chief sent to US: Altaf

KARACHI – Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Saturday slammed the summoning of Inter-Services Intelligence (ISI) chief by the US, threatening to topple the incumbent government if the ISI chief was sent to the US.
Addressing a public gathering at Bhit Shah over telephone from London, the MQM chief said, “If the US summons someone from Pakistan, the Supreme Court of Pakistan must do the same.” Talking to people from various districts of Sindh, he said the people

Government advised to stop borrowing from SBP

ISLAMABAD: The government has been advised by its top economic managers to immediately stop borrowing from the State Bank of Pakistan (SBP), else inflation might soar and further thin chances of additional revenue generation in the coming years.
Per official sources, Prime Minister Yousaf Raza Gilani on Friday met the finance minister, SBP governor, Planning Commission deputy chairman and others.
The meeting was informed that the tax to GDP ratio would further decline with

Punjab cabinet approves 8 ammendment bills for government departments

LAHORE: Eight amendment bills on government departments were approved in a meeting of the Punjab Cabinet presided over by Punjab Chief Minister (CM) Shahbaz Sharif at the CM Secretariat here on Wednesday. The bills were with regard to the transfer of ministry affairs to provinces stipulated by the 18th constitutional amendment. A Cabinet Committee for eliminating corruption from Punjab was constituted by the CM tasked with formulating recommendations on the matter. The recommendations

Government to launch welfare projects for women

LAHORE: Punjab Population Welfare Provincial Minister Neelam Jabbar has said that huge funds are being spent on social protection and economic development of women while new projects would be launched for their welfare under Gender Reform Action Plan.
Addressing the office bearers of a local Non Governmental Organisation (NGO), she said that those who dedicated their lives and resources to social welfare and betterment of women were assets to the society and government would

LHC adjourns Rehman’s presidential pardon case

LAHORE: Hearing of a petition challenging the pardon granted by President Asif Ali Zardari to Interior Minister Rehman Malik was adjourned to December 24 by a full bench of Lahore High Court (LHC) on Monday. Earlier, Deputy Attorney General Naveed Inayat Malik had requested adjournment on behalf of the federation, citing Rehman’s pending adjudication in Supreme Court as an excuse.
Barrister Farooq Hassan, representing the petitioner, opposed the request saying the government was

District government imposes ban on pillion riding

HAFIZABAD – District government has imposed a ban on pillion riding, standing on the roofs of houses and shops on the routs of mourning processions under section 144 of Pakistan Penal Code in the Hafizabad on 10th of Muharram.
A notification has been issued here in this regard. Meanwhile, Hafizabad District Police Officer Tariq Chohan said the violators of section 144 PPC and creating hurdles in the law and order situation would be dealt with iron hand.
Talking to media men

Government of Punjab has failed to protect the its citizens, says Elahi

LAHORE: Pakistan Muslim League (PML-Q) Senior Central Leader Moonis Elahi said that the people of Punjab are the biggest victims of the ‘target killings wave’ which has now engulfed the whole country.
Referring to the statement made by the Sindh Home Minister on Monday and the recent report of the Human Watch Pakistan which cites the murders of 12 educators of Punjabi origin living in Baluchistan, Moonis Elahi expressed serious concern and dismay at the unfortunate rise in

Punjab govt spending billions to promote education, says Saira Tarar

HAFIZABAD – Punjab Education Task Force Chairperson Saira Afzal Tarar has said that the Punjab government was spending billions of rupees for promoting education in the province.
She expressed these views while addressing a meeting of headmaster and headmistresses of the different schools in Hafizabad. Hafizabad District Education Promotion Committee Chairman Muhammad Bukhsh, Executive District Officer Education Sohail Azher Khan and attended the meeting.
She regretfully

JUI-F quits coalition government at centre

ISLAMABAD – Jamiat Ulema-e-Islam-F chief Fazlur Rehman announced on Tuesday that his party left the Pakistan People’s Party-led coalition government at centre in protest of sacking of Azam Swati from the federal cabinet, a private TV channel reported.
Fazl, who also heads the Kashmir Committee, announced the decision after chairing an emergency meeting of the JUI-F Majlis-e-Shura held here to review the situation emerged after Prime Minister Yousaf Raza Gilanu sacked two of his

Gunmen kidnap 18 Afghan deminers in southeast

GARDEZ: Unidentified gunmen kidnapped 18 Afghan deminers on Thursday in southeastern Khost province, the provincial police chief said, the second abduction of a mine clearing team this month.
The group from the Kabul-based Mine Detection Centre were travelling in Musa Khel district when they were stopped by a group of gunmen and then seized, said Abdul Hakim Ishaqzai. “They had gone to the area on the request of the elders to clear mines from their village,” Ishaqzai told

‘Government responsible for funding universities’

LAHORE: It is the federal government’s responsibility to provide adequate funding to universities for raising the quality of higher education at par with international standards, Pakistan Engineering Council (PEC) Chairperson Rukhsana Zuberi said on Monday.
She made these remarks while addressing the inaugural session of the 3rd International Conference on “Assessing Quality in Higher Education” at the Punjab University (PU) Law College Auditorium. PU Vice Chancellor Dr Mujahid

Government to build 45,000 housing units for govt employees

QUETTA: A project to construct 45,000 houses from government employees, 5000 of which are to be constructed immediately, has been launched, Federal Minister for Housing and Works Haji Rehmatullah Kakar said while addressing a press conference in Federal Lodges on Sunday.
Rehmat Kakar said 8 million houses ware required for employees throughout the country and 2 projects had been launched in this regard, adding that land had already been acquired from Capital Development Authority

Government borrowed 86pc of central bank’s expanded reserve

KARACHI: Alarmed by perennial economic threats like excess money creation and the looming threat of heavy inflation, the State Bank of Pakistan (SBP) revealed on Monday that the government had borrowed 86.3 percent or Rs 266 billion of the total Rs 308 billion expanded reserve held during the current fiscal year.
The central bank is also concerned that economic variables like inflation, fiscal overspending and unresolved issues in the power sector were hampering stabilisation and

The antics of a toothless Sindh government

You can’t make everyone happy all the time and only if the PPP-led Sindh government could comprehend this fact, Karachi would not be in its current state of lawlessness. The toothless and indecisive provincial government, which is made up of unnatural bedfellows, is in a habit of taking U-turns and bad decisions.
Recently, the government ordered a crackdown, to be carried out only by Rangers, in some areas of the city that are dominated by ANP. Many ANP activists were arrested,

Karzai government accused of political interference in vote

KABUL: Afghan President Hamid Karzai’s government came under withering attack Friday, accused of trying to manipulate parliamentary election results by the political opposition and a senior vote official.
The accusations threaten to ignite nationwide anger over the second Afghan parliamentary election since the 2001 US-led invasion evicted the Taliban and to drag Karzai’s administration into further controversy linked to corruption.
They come after attorney general Mohammad

Government left with no option but to toe IMF line

KARACHI: Pakistan has not managed to seal a substantial amount of support from donor agencies or bilateral sources in the two-day Pakistan Development Forum held from November 14 to 15.
The IMF insisted on structural reforms highlighting the reformed General Sales Tax (GST) and electricity as priority areas. Even the long-standing bilateral partners have seconded IMF’s opinion of taxing the rich and the untapped segments of the economy.
The event managed to secure $500