Tag Archives: Money

SC orders rental power companies to return money

SC orders rental power companies to return money

ISLAMABAD – The Supreme Court on Thursday directed rental power companies to return the money they took in advance from the Government of Pakistan to set up power generation projects but failed to do so.
The court particularly directed Techno Power Plant to return Rs780 million it took in advance from the government of Pakistan for producing electricity but could not so far initiated the project. A three-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Ghulam

Women cricketers await prize money

LAHORE – Pakistan women cricketers who won the gold medal in the Asian Games still await the prize money announced by the government.
The Prime Minister announced Rs 8 million for the team and construction of a separate stadium for the women’s cricket, but even after the passage of two and a half months the prize money has not been given.

PTI demands politicians bring back looted money from abroad

LAHORE – The Pakistan Tehreek-e-Insaaf (PTI) on Friday demanded politicians should bring back their looted money deposited in foreign bank accounts to save Pakistan from bankruptcy, as the common man cannot afford any more taxes. This demand was made in a party meeting held at the PTI Punjab Secretariat.
The PTI Punjab vice president said that budget deficit had swelled to trillions of rupees due to mismanagement of the current government while the situation had further worsened

‘FIA to recover NICL scam money by 31st’

LAHORE: The Federal Investigation Agency (FIA) Punjab will recover the total embezzled money in the National Insurance Company Limited (NICL) scam until December 31, FIA Punjab Director Zafar Ahmed Qureshi said on Tuesday in a press conference at his office.
Qureshi told journalists that FIA Punjab had summoned wife and two daughters of former defence state minister Major (r) Habibullah Warraich to appear before inquiry officers in order to record their statements but Warriach

Cabinet to decide head money for terrorists today

ISLAMABAD: The federal cabinet will today (Wednesday) decide on the Ministry of Interior’s proposals regarding head money for the wanted terrorists of Swat and FATA and the release of supplementary grant worth Rs 1.5 billion for payment of liabilities to troops deployed in the operational areas, Pakistan Today learnt on Tuesday.
Interior Ministry has sought approval for the supplementary grant to clear the pending liabilities for the payment of internal security duty allowance

‘Laws against money laundering a must’

ISLAMABAD: The need for effective legislation against money laundering to monitor foreign funding to terrorist organization was stressed by Federal Minister for Law, Justice and Parliamentary Affairs Senator Babar Awan in a seminar titled ‘Money laundering and Implication for Counter-terrorism Efforts’ organized by Pakistan Institute of Legislative Development And Transparency (PILDAT)on Tuesday.
“There is neither a record nor a tax on the laundered amount,” he said, adding that

Chivalric Shamyl gives Qublai a run for his money

LAHORE: Shah Shamyl Alam won duel with brother Shah Qublai Alam as he led Silk Bank to the final of PSS Asia Cup here at the Lahore Polo Club on Friday.
Silk Bank with their 7-6 win over PSS International qualified for Sunday’s against Monnoo Polo.
Qublai provided lead to PSS International in the opening chukker with Hamza Mawaz Khan doubling it by the close of the first quarter.
Shamyl easily converted a 60 yarder but Hamza and Adnan Jilal Khan consolidated the PSS

Blind man accuses police of minting money in brother’s murder probe

LAHORE: Shafiqabad Investigation Police has taken bribe from a helpless family to draft the scene of murder of the family’s only bread winner, who was allegedly shot dead in public by his brother in law on September 26, Pakistan Today has learnt.
The family, which includes three blind brothers who are all hafiz-e-Quran, has been left stranded and unable to pursue the murder case of Sharifullah, 26, resident of Khokhar Town on Bund Road. The deceased was running a PCO shop to earn

Where is the money going, PAC asks varsities

KARACHI: The Public Accounts Committee (PAC) of the Sindh Assembly on Monday lambasted state-run universities over the manner in which their expense logs were maintained, and ordered an inquiry into the expenses made without record.
Reviewing audit reports of four universities – NED University of Engineering and Technology, Liaquat University of Medical and Health Sciences, Mehran University of Engineering and Technology and Agriculture University – PAC Chairman Jam Tamachi and

Senators vow not to fuel ‘corruption furnace’ with taxpayers’ money

ISLAMABAD: Senators from across the political divide on Thursday vowed not to fuel the “corruption furnace” of a non-performing government with the taxpayers’ money, asking Islamabad to first put its own house in order before taxing the poverty-stricken people.
Taking part in the debate on the General Sales Tax (GST) Bill, Pakistan Muslim League-Quaid (PML-Q) Senator SM Zafar said tales of the corrupt practices of rulers were being told across the globe.
“Why should the

Zulqarnain has run out of money

LAHORE: Beleaguered wicketkeeper, Zulqarnain Haider, has gone penniless and has been forced to move into a friend’s home in Manchester. Haider landed in London with only £900 in pocket and stayed at a hotel near the London Airport for a couple of days before forcefully shifting to Manchester.
Sources close to Haider said that he did not have enough money left to enjoy the luxurious hotel life.
Last week he was offered a job by a Kent-based cricket club but he has not yet

Haider says he rejected ‘big media money’

LAHORE: Pakistan wicketkeeper Zulqarnain Haider has claimed to turn down lucrative offers from the media to give details of his decision to desert his team in Dubai midway through an ODI series and flee to London after receiving death threats for refusing to fix matches.
The 24-year-old wrote on his Facebook account that the News of the World tabloid had offered him lots of money for an interview but he spoke to them without taking a penny.
“They offered me lots of money

Private hospitals, labs making money off dengue

LAHORE: Private hospitals and laboratories continue to cash in on the dengue epidemic as the dengue fear grips the city, while an increasing number of patients pour in.
A survey of major private hospitals and laboratories reveals that extremely high prices are being charged for the diagnosis and treatment of dengue and huge profits were being made out of a facility that was available free-of-cost in government hospitals.
The survey included National Hospital Defence,

Senators spin money out of flood relief

Indifferent to the suffering of flood-hit people across the country, some ruling parties’ senators have been busy smuggling luxurious items into the country under the guise of relief goods for the affected people.
An official of the Customs told Pakistan Today that he had witnessed luxury goods worth Rs 2.3 billion get cleared by the authorities under the pretext of flood relief aid, in a single day of duty.
There was no record or a check and balnce on other

Efforts underway to resolve Centre-KP aid money row

Provincial govt will settle for nothing less than 50% share as US provided funds are solely for developing terror-hit areas of KP, FATA
Efforts are underway to amicably resolve the issue of the distribution of funds granted by the US to Pakistan under the Kerry-Lugar Bill, as the Khyber Pakhtunkhwa (KP) government has publicly denounced the 11 percent funds share allocated to it by the federal government, Pakistan Today has learnt.
According to provincial