Tag: Declares

ISLAMABAD - The Senate Standing Committee on Finance on Thursday called the monetary and credit policies announced by the State Bank of Pakistan during the last four years against rules for being in violation of the State Bank of Pakistan Act, as no meeting of Fiscal and Monetary Policies Coordination Board was held since 2007.
The committee, which met with Senator Ahmad Ali in the chair, criticised the SBP's announcement of monetary and credit policies without approval of the

TRIPOLI - Libyan leader Muammar Gaddafi on Tuesday said he would not step down despite a nationwide revolt against his rule, vowing to die in Libya as a martyr and threatening tougher action against protesters.
A visibly angry Gaddafi called protesters rats and mercenaries who wanted to turn Libya into an Islamic state. "I am not going to leave this land. I will die here as a martyr ... I shall remain here defiant," Gaddafi said in a speech on state television.
"Muammar

KARACHI - Sindh Home Minister Dr Zulfikar Mirza on Sunday announced an all out war against PML-N chief Nawaz Sharif during a charged address to a public rally in Lyari area of Karachi. "I am announcing war against Nawaz Sharif and [PTI chief] Imran Khan. Nawaz must avoid undemocratic attempts. I am not a thug, but can become one to protect my country. The numbers game of 'Takht-e-Lahore' is an old story," he said.
Mirza's comments have come days after PML-N leader and Punjab

KARACHI - The City District Government Karachi (CDGK) has cancelled the leaves of its officials belonging to essential service departments - including high-ranking officers and staff - so that they can perform their duty on 12th Rabiul Awwal today (Wednesday). Emergency has been declared at the Abbasi Shaheed Hospital and New Karachi Hospital and all medical and paramedical staff has been directed to attend duties on Wednesday.
Ambulance service 1122 will be available in

ISLAMABAD - In a major development in the Benazir Bhutto murder case, the Federal Investigation Agency (FIA) on Monday declared former president Pervez Musharraf an absconder and said the former president, who is wanted in the case for probe, might also be declared a proclaimed offender if he did not appear before the investigation team.
The FIA mentioned Musharraf's name in the interim charge-sheet submitted with the Anti-Terrorism Court (ACT) hearing the murder case. The court

BEIJING - China's state media trumpeted President Hu Jintao's state visit to the United States as "a historic masterstroke" of "global significance" but ordinary Chinese seemed rather less enthusiastic.
The official Xinhua news agency gave the glowing praise after the elaborate welcome Hu received at the White House on Wednesday and his Oval Office talks with US President Barack Obama.
"History will remember this unusual day," the People's Daily, mouthpiece of the ruling

LAHORE - The University of Health Sciences (UHS) on Tuesday announced result of the First Professional MBBS Part-II Annual Examinations. Total 2,923 candidates from 20 affiliated medical colleges appeared in the exam out of which 2,241 passed and 653 failed. Result of 29 candidates was put on RL list. The pass percentage remained 77.44. Javaria Karamat, daughter of Karamat Mahmood, of the Central Park Medical College, Lahore got first position by securing 494 marks out of 550.

Lahore - Struggle for Labour forum's President Abdur Rauf and General secretary Ashfaq termed 2010 as the year of anti labour, they said that through the implementation of Punjab Industrial Relation Act, rights of the labouers were seized, whereas less than 50 labourers would not be able to make trade unions, they added.

LAHORE - The Punjab Football Association Secretary Agha Muhammad Latif declared DFA Lahore League illegal as it goes against the PFA Calendar. As per yearly Activity Calendar issued by PFA, the DFA league was to be held from March 15, 2011. But DFA officials announced that the league would start from December 25, 2010.
Moreover, the DFA Lahore Secretary has included several unregistered football clubs in the league. Complaints were received from various clubs of DFA Lahore

MELBOURNE - Australia captain Ricky Ponting declared himself fit for the all-important fourth Ashes Test after a strong training session Saturday, saying it could be the match of his career.
Ponting broke the little finger of his left hand while attempting a slips catch during Australia's series-levelling win in Perth last weekend, putting him in doubt for the must-win Melbourne Test.
But the 36-year-old skipper said his injury was on the mend and he was all but certain of

ISLAMABAD: The Federal Shariat Court (FSC) on Wednesday declared amendments incorporated in the Hudood Ordinance by the previous regime through Protection of Women Act (PWA) 2006 un-Islamic and unconstitutional and directed the federal government to take necessary steps to amend the impugned laws in conformity with the holy Quran and the Sunnah.
Announcing its verdict reserved on November 23, a three-member bench comprising Chief Justice Agha Rafiq Ahmed Khan, Justice Afzaal

LAHORE: The Kissan Board Pakistan (KBP) has announced a countrywide protest from December 13 against the removal of subsidy on agriculture inputs and other agriculture related issues faced by farmers. KBP Secretary Information Haji Muhammad Ramadan has asked the government to ensure a minimum sugarcane price of Rs 280 per maund.
In addition, he has demanded restoration of subsidy on agricultural inputs and urged the authorities to ensure payment of agriculture produce through

KARACHI
MCB bank announced financial results for the quarter ending on June 30, 2010 announced gross profit of Rs 19.4 billion and cash dividend at the rate of 30 percent declared.
The board of directors met on October 26, 2010 and reviewed the performance of the bank for a period leading up to September 30th, 2010. The financial results for the nine months were presented before the board deliberated on them.
The bank delivered profit before tax of Rs 19.4 billion

ISLAMABAD: The State Bank of Pakistan (SBP) on Wednesday submitted in the Supreme Court a list of top 50 people and companies whose loans worth Rs 62.66 billion were written-off by public and private banks in the last two years.
A three-member Supreme Court bench consisting of Chief Justice Iftikhar Muhammad Chaudhry, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday was hearing a suo motu case on waiving off of bank loans worth Rs 256 billion during the period from 1971

The Federal Board of Revenue (FBR) has issued fresh notification informing zero percent duty on import of raw sugar of cane sugar and beet sugar variants by the private sector, in a statement issued by the Ministry of Industries and Production here on Friday.
In its meeting here, the ECC allowed import of raw sugar by the private sector at zero customs duty with no limitations. This decision means that there is no capping on quantity of import or any linkage to timing of import