Tag: Financial

The Pakistan Cricket Board on Wednesday got its 2011-12 budget approved from the governing board for the new financial year but did not give...

An accountability court on Tuesday acquitted Rasool Khan, co-accused in the Oriental Industrial Cooperative Corporation scam. Earlier, the court had declared accused including Zia Rasheed,...

The central bank, commercial banks and SCI-Pak may jointly develop an Energy and Resource Efficient (E&RE) network to address the financial needs of Small...

As different quarters constantly are raising questions on internal haemorrhages in public sector enterprises (PSEs) and propose structural reforms or the privatisation of sick...

Aiming for financial autonomy at police station level, the Sindh government will create cost centres or Drawing and Disbursement Offices (DDOs) in all police...

Wider access to mobile financial services in Pakistan could lead to the creation of one million new jobs by 2020, while an estimated $2...

The federal audit authorities have exposed serious financial irregularities and embezzlements involving a loss of millions of rupees to national kitty in Lok Virsa...

While, Pakistan’s strategic allies in Washington stick to the ‘Do More’ mantra in the global war against terrorism, the long lasting war against non-state...

With the Sindh government expected to present its fiscal year 2011-12 budget in the first week of June, preparations in this regard have entered...

In the midst of a great financial crunch, when a number of poverty- and unemployment-stricken Pakistanis are committing suicide and the government has set...

Embezzlement in financial issues of the District Public School Kasur took a new turn when Kasur Sessions Judge Humayun Imtiaz summoned the executive district...

LAHORE - The Pakistan People's Party (PPP) will take its coalition partners in confidence on the financial crunch facing the country, Advisor to the PM on Women Development Yasmin Rehman and said on Monday.Yasmin said that the PPP-led federal government has assured its coalition allies that relief will be provided to the masses in petroleum and gas products, as it was the basic need of the country to run both the public and private sectors smoothly.
The PPP leader said that

WASHINGTON - Unhealthy European banks are the biggest threat to global financial stability, and they need to find fresh capital, the International Monetary Fund said Wednesday.
"Many institutions - particularly weaker European banks - are caught in a maelstrom of interlinked pressures that are intensifying risks for the system as a whole," the IMF said in its Global Financial Stability Report.
"Remaining structural weaknesses and vulnerabilities in the euro area still pose

KARACHI - Financial costs for Lucky Cement Limited (LUCK) are expected to swell by six percent annually to Rs 443 million in the ninth month of FY11, mainly on account of rising trend in KIBOR and Export Refinancing Rates (EFR).
In quarterly terms, however financial cost is expected to exhibit a modest decline of one percent quarter-on-quarter as total loans have registered a quarterly drop of two percent to Rs 8,826 million as of December 31, 2010. LUCK is set to release its

LAHORE - The National Accountability Bureau (NAB) Punjab is in the midst of a severe financial crisis after completely exhausting its annual financial allocation and is having to borrow hefty sums from NAB Balochistan for its everyday expenditures and employees' salaries.
The financial crisis has come mostly because of policies adopted by the top brass of NAB Punjab who, in spite of the bureau being short of funds, have recently raised the salaries of prosecutors employed on

SIALKOT - Gujranwala Division Anti Corruption Establishment (ACE) Director has ordered a strict departmental probe against the alleged financial bungling and irregularities in Government Girls Higher Secondary School Sialkot Cantt.
According to a charge sheet forwarded to the Gujranwala ACE directorate by the school teachers, the principal forcibly collected Rs 850 as fine from the school's 9th class each student for the registration fee of Board of Intermediate and Secondary

ISLAMABAD - Pakistan must continue its effort to mobilise resources and maintain financial discipline with the federal finance team introducing home grown solutions to overcome the fiscal deficit.
Islamabad Chamber of Commerce and industry (ICCI) President Mahfooz Elahi made these remarks in a meeting with members of Taxation Sub-Committee of ICCI. The president was of the view that every political party in the present democratic set up should work jointly for improving the