Tag: Govt

LAHORE - The Pakistan Muslim League-Nawaz (PML-N) will not support the Pakistan People's Party (PPP)-led federal government if it loses its majority in the National Assembly, PML-N Member of the National Assembly (MNA) Pervaiz Malik said on Thursday. Talking to journalists after attending slain Punjab Governor Salmaan Taseer's qul at the Governor's House, Pervaiz said that safeguarding the national interest was the PML-N's slogans and the party would not support the PPP in its

ISLAMABAD - The Supreme Court on Tuesday granted two-week's time to the Balochistan government to consult with the province's chief minister regarding allotment of Gwadar Port Authority land to a foreign company.
A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday was hearing a joint petition of its own initiative through a suo motu notice. Earlier on Dec 8, the court had barred Port of Singapore

ROME - Italy Prime Minister and AC Milan president Silvio Berlusconi claimed on Tuesday that his club has the backing of the country's government.
Berlusconi visited the team at a preparation camp in Rome ahead of Thursday's trip to Cagliari in Sardinia.
And after doing so he bizarrely claimed that Milan's success is directly tied to national happiness. "When Milan win everyone in Parliament celebrates with me and there are happy faces, but when we lose everyone is a little

LAHORE - Punjab Governor Salmaan Taseer's interference in the Aasia Bibi affair and his efforts to get the blasphemy laws repealed are the main reason for his murder, a press release issued by the Tahfuz-e-Namoos-e-Risalat Mahaz (TNRM) stated on Tuesday after an emergency meeting following after the assassination of the Punjab governor.
"We had warned the governor to stay away from such acts but he did not listen to us and now we are asking the government to stay away from

KARACHI - Government budgetary borrowings from the banking system have continued to balloon as it has touched 104.2 percent during first half of the current fiscal year despite analysts' fears that the country is inching towards an unprecedented hyperinflation. The funds-starved governments, both federal and provincial, borrowed Rs 439.259 billion from the central and other scheduled banks during July-Dec 2010-11 against Rs 215.053 billion in the last corresponding period.
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LAHORE - The federal government, vide its notification on the last day of 2010, has withdrawn the exemption from 3.5 percent withholding tax on the purchase of agriculture produce.
Through this waiver of exemption flour, sugar, pulses and ghee will become costly and the prices of every such product will increase in which agriculture produce is used as a raw material.
Tax expert Shahid Jami has strongly criticised the governmental decision and has said that policy makers

KARACHI/ISLAMABAD - President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani strongly condemned the assassination of Punjab Governor Salmaan Taseer and directed Interior Affairs Minister Rehman Malik to personally supervise the investigation.
The president was informed about the tragic incident during a meeting with the Sindh lawmakers at the Bilawal House. Sindh Chief Minister Qaim Ali Shah will proceed to Lahore to participate in the funeral on behalf of the

ISLAMABAD - Leader of the Opposition in the National Assembly Nisar Ali Khan on Monday categorically ruled out the possibility that his party would shoulder the falling government of Prime Minister Yousaf Raza Gilani, who has lost majority in the House.
"Let me clarify the impression or ambiguity that the PML-N will come forward to save the government if it loses majority in the National Assembly and consequently collapses," Nisar told reporters outside the Parliament House.

KARACHI - Capital market analysts believe that a possible change in the government would boost the stock market. The past cements aforementioned claim, as it is observed that the market responds positively in event of a change in power, said a senior analyst Muzammil Aslam.
He added that the last four caretaker setups have acted as catalysts, as the bourse has registered positive returns in the range of 3.2 percent to 23.6 percent during the rule. The highest return of 23.6

ISLAMABAD - The JUI-F and MQM's decision to quit the PPP-led coalition and joining the opposition has reduced the government to a lame-duck in parliament, as even if the PPP stays in power it cannot legislate or take decisions independently.
At present, no major political party except the Awami National Party (ANP), FATA MNAs and PML-Functional, are in the power with the government at the Centre, and they do not, by any means, constitute a majority in the National Assembly.