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1-10 results from 1000 for query «official»

December 10, 2018 12:00 AM Govt hesitant to give Gencos, Discos guarantee for Rs200 bn loan

ISLAMABAD: In a new development, the Finance Ministry has shown hesitance to extend the sovereign guarantee against the huge loan amounting to Rs200 billion the power division wants to raise against the 43 assets of Gencos (electric generation power companies) and Discos (electric power distribution companies). The loan will be utilised to partially

December 9, 2018 12:00 AM ‘Cotton import of 4.5mln bales needed’

KARACHI: Pakistan needs to import around 4.5 million cotton bales, which would have more pressure on the vulnerable economy, Karachi Cotton Brokers Association official said in a meeting. Naseem Usman, chairman of the association, expressed concern over declining cotton production in the country. At the time of independence of Pakistan, cotton production

December 9, 2018 12:00 AM NICL scandal: Seven-year-jail each for ex-chief, five others

KARACHI: An accountability court on Saturday announced its verdict in the NICL mega land scam case and sentenced six, including former chairman Ayaz Khan Niazi, to seven years each in jail. The court also barred the six convicts from holding any public office for 10 years each. The scandal pertains to financial embezzlement by former chairman National

December 8, 2018 8:05 AM NICL scam: Ayaz Khan Niazi, five others gets seven years in jail

KARACHI: An accountability court on Saturday convicted six people in the National Insurance Corporation Limited (NICL) land scam case. According to Geo News, former Chairman of NICL Ayaz Khan Niazi and five other men were sentenced to jail term seven years each. The convicts have also been disqualified from holding public office for 10 years in a case pertaining 1

December 8, 2018 12:00 AM Five shot dead in Buner

DAGGAR: Five persons, including three members of a family, were shot dead over an old enmity in Naway Killay in the limits of Gagra Police Station on Friday, official sources said. The sources said that one Kanfarosh, his son Ijaz, cousin Khaliq Shah, Tariq and Mohammad Jan were on the way home after attending a funeral prayer in Banda Killay when gunmen

December 7, 2018 12:00 AM SECP ex-chief Hijazi receives Rs11.5 million of terminal benefits

ISLAMABAD: The suspended chairman of the Securities and Exchange Commission of Pakistan (SECP), Zafar Hijazi had received Rs11.5 million as final settlement of terminal benefits on completion of three-year term, government audit revealed. Auditor General of Pakistan’s report raised objections on the payment of Rs7.733 million as terminal benefit and Rs 2.7 million

December 6, 2018 2:12 PM UN: Pakistan highlights middle-income countries' role in achieving SDGs

UNITED NATIONS: Pakistan has highlighted middle-income countries' leading role in achieving Sustainable Development Goals (SDGs), particularly those related to poverty, and called for helping them attain long-term debt sustainability and financial inclusion. "Middle-Income countries contribute almost half of the global GDP (Gross Domestic Product), but they are also home to 73% of the world''s

December 4, 2018 1:59 AM Bahria Enclave authorities stop CDA team, ‘start’ razing structures on their own

ISLAMABAD: The Capital Development Authority (CDA) on Monday moved its machinery and staff to Bahria Enclave to retrieve encroached state land but they did not enter the main gate claiming the housing society had voluntarily agreed to remove the encroachment on its own. However, in adjoining areas, the civic agency conducted an operation and removed 6

December 4, 2018 12:00 AM ‘Nepal has expressed inability to host SAG’

KARACHI: Nepal has informally informed South Asian nations about its inability to hold the 13th South Asian Games in March 2019. Nepal Olympic Committee is expected to formally intimate the South Asian nations by Tuesday (today) after getting a final directive from the government.“An informal meeting of the South Asian Olympic Council was held in Tokyo 2

December 4, 2018 12:00 AM Govt attracts Moroccan investment in tourism sector

ISLAMABAD: Minister for Planning, Development and Reform Khusro Bakhtyar on Monday invited Moroccan investors to invest in Pakistan’s tourism sector in partnership with local companies. “Moroccan investors in collaboration with local companies can invest in Pakistan’s tourism sector especially in northern areas, which will give boost to tourism industry 2