Tag: Extension

MNA asks government to end Kayani’s service extension

ISLAMABAD - Awami National Party MNA Bushra Gohar Tuesday urged the government to cancel the extension given to the Chief of the Army Staff General Ashfaq Parvez Kayani and called for a cut in the defence budget similar to that in the Public Sector Development Programme (PSDP) because of the financial crunch.
Speaking on a point of order in the National Assembly, Bushra said the apex court's decision for cancellation of extension given to all the government employees was a good

NA committee rejects JC’s extension for two SHC judges

ISLAMABAD - The parliamentary committee for the appointment of judges on Tuesday rejected the Judicial Commission's proposal of one year extension in the tenures of two additional judges of the Sindh High Court (SHC). The committee, headed by Syed Nayyar Hussain Bukhari, met in the Parliament House and discussed the proposal.
The committee approved the names of Justice Imam Bakhsh, Justice Azhar Rizvi, Justice Muhammad Ali Mazhar and Justice Nisar Ahmed. However, it rejected the

Govt, SC face off over judges’ extension

ISLAMABAD - The Supreme Court on Thursday suspended the recommendations of the parliamentary committee (PC) that rejected a one year extension in the service of four additional judges of the Lahore High Court and restrained respondents from issuing any notification in pursuance of the committee's recommendations.
A two-member bench of Justice Mahmood Akhtar Shahid Siddiqui and Justice Jawwad S Khawaja was hearing a joint constitutional petition filed by Munir Hussain Bhatti and

LSP concerned at denial of judges’ extension

LAHORE - The Law Society Pakistan is surprised by the recent decision of the judicial commission regarding denial of extension to 10 additional judges of Lahore High Court and has appealed to legal fraternity to voice against the move.
These additional judges were appointed during 2009-2010 for a period of one year on the recommendation of respective chief justices (CJs) and the chief justice of Pakistan but, after the recent decision of the commission, they had stopped

Kazakh leader rejects term extension

ASTANA - Kazakhstan's strongman President Nursultan Nazarbayev on Friday rejected the idea of extending his term until 2020 through a national referendum that has been flatly denounced by the United States.
The country's first and only post-Soviet leader did not explain why he was overruling his entire political and business elite in a decision that received almost no attention from state media outlets.
The three-sentence presidential decree said only that Nazarbayev - who

Impact of the IMF extension on the economy

KARACHI - The International Monetary Fund (IMF) on Monday approved a nine-month extension of Pakistan's $11 billion loan, which was scheduled to end this year.
The standby loan programme had two tranches remaining, but will now run through Sept. 30, 2011, with the two tranches broken up and spread out over that time.
Here are some questions and answers on the nine-month extension.
The government initially requested a nine-month extension to have time to finish

IMF approves nine-month extension for Pakistan

WASHINGTON - The Executive Board of the International Monetary Fund (IMF) on Monday approved - on a lapse-of-time basis - a nine-month extension of Pakistan's Stand-By Arrangement to September 30, 2011.
"The extension will provide time to the Pakistani authorities to complete the reform of the general sales tax, implement measures to correct the course of fiscal policy, and amend the legislative framework for the financial sector," the IMF said in a statement.
The IMF staff

US to be approached for 9-month IMF extension

ISLAMABAD - Pakistan has decided to seek US help to ensure the nine-month extension from the International Monetary Fund (IMF) for its $11.3 billion standby arrangement programme.
The decision to approach the Obama administration has been made after the country's economic managers decided that without Washington's influence, it would be a daunting task to get the IMF agree to Islamabad's request.
"Apart from Washington, Pakistan is also likely to approach other friendly

Nine-month extension from IMF unlikely

ISLAMABAD - The government is headed towards troubled waters, as the International Monetary Fund (IMF) is unlikely to grant it the desired nine-month extension in the already suspended $11.3 billion standby arrangement programme.
Informed source said the programme had an in-built mechanism for an extension of up to three months, but the extension of another six months seems unlikely to be granted, as it construes that the government is not prepared to implement the reformed

Pakistan plans to seek IMF loan extension

ISLAMABAD: Pakistan plans to seek an extension of an $11 billion International Monetary Fund (IMF) loan programme to win more time to implement the reforms needed to secure the next tranche, a finance ministry official said.
The IMF's programme, agreed in November 2008, has kept the US ally's fragile economy afloat, and is increasingly critical for Pakistan as it grapples with a widening fiscal deficit and the devastation of the summer floods. Finance Ministry Secretary Salman

Pakistan set to request 3-month IMF extension

ISLAMABAD: A formal request seeking a three-month extension in the ongoing $11.3 billion stand-by arrangement programme will be soon made to the International Monetary Fund (IMF), an official source informed Pakistan Today on Friday.
The source said there was no chance that the government would abandon the standby arrangement programme and would endeavour to complete it as agreed with the IMF. The three-month extension was already inbuilt in the exiting programme and its approval

Long-drawn-out tenures to end – HED refuses 6 VCs’ extension

LAHORE: Punjab Higher Education Department has denied the extension of six vice chancellors of public sector universities and has instructed the VC Search Committee to advertise for the posts, Pakistan Today learnt on Tuesday.
Sources informed that a summary was sent to the Punjab Chief Minister in which HED highlighted 'unsatisfied progress and administrative weaknesses' as the reasons why their applications for extension were rejected. The six universities include Sargodha

Lahm’s extension will not influence Schweinsteiger

MUNICH: Bayern Munich star Bastian Schweinsteiger has said Saturday
the decision of his Germany team-mate Philipp Lahm to extend his contract will not influence his own decision on whether he stays at the club.
Spanish giants Real Madrid are rumoured to be chasing Germany star Schweinsteiger and Bayern are keen for their playmaker to sign an extension to his contract which expires in 2012.
Last week, Germany defender Lahm signed a contract extension which keeps him at

GCU registrar gets 6-month extension

LAHORE: Former registrar of the Government College University Lahore (GCU) Faisal Khurshid is still occupying his office although the Higher Education Department (HED) has rejected his term-extension summary.
According to sources, GCU Vice Chancellor Dr Khalid Aftab had extended Faisal's tenure for another six months under the doctrine of necessity which he was empowered to use through a varsity ordinance.
However, an HED official said that the GCU VC should immediately find

Unfazed by protests, UET VC gets fourth extension

Varsity faculty members, FAPUASA were demanding Akram's removal
Punjab CM, who had earlier appointed him, approved his fourth extension
Despite the protests of Federation of All Pakistan University's Academic Staff Association (FAPUASA) seeking removal of University of Engineering and Technology (UET) Lieutenant General (r) Muhammad Akram, Punjab Governor Salmaan Taseer, in his capacity as the varsity's chancellor, extended his contract for the fourth time under