Tag: Govt

Punjab govt will seize sugar stock of defaulting mills: Sana

Law minister says 142 FIRs registered against owners and GMs of defaulting mills
Punjab government has decided to seize the stock of sugar mills for defaulting on the payments to sugarcane growers.
Punjab government has decided to attach the defaulting sugar mills stock with the payments to sugarcane growers as guarantee.
On Friday, Sana told the Punjab Assembly that sugar mills have paid around 97 per cent of total outstanding amount to the growers. "Out of

Govt and Ittehad-e-Tanzeemate-Madaris (ITMD) talks fail

Madaris want the charter to be able to issue degrees
Question on how to move forward with legislation remains unresolved
As the procedure remains unclear even after a meeting on Thursday, the linking of five Boards of Ittehad-e-Tanzeemate-Madaris Pakistan (ITMP) with the Ministry of Education continues to get delayed, an investigation by the reporter revealed.
The government on Thursday announced the formulation of an agreement with the

Govt borrows Rs 238b in 86 days for budgetary support

The federal government has borrowed a massive amount of Rs 238 billion for the budgetary support within 86 days of the current fiscal.
The government borrowed Rs 220 billion from the State Bank of Pakistan, while the remaining Rs 18 billion were borrowed from other sources between July and September.
The government's average daily borrowing is estimated at Rs 2.76 billion and the borrowing has increased by Rs 215 billion as compared to the same period the previous year.