Tag: Issues

KARACHI - The government has kept issuing show cause notice to the mutual funds for the sub judice matter of not making contributions to the Workers' Welfare Fund (WWF). "There have been instances whereby show cause notices under Section 221 of the Income Tax Ordinance, 2001 have been issued to a number of mutual funds for the recovery of WWF," Arif Habib Investments told its shareholders at Karachi Stock Exchange.
The government and Mutual Funds Association of Pakistan (MUFAP)

NEW DELHI - The Indian government will seek a peaceful resolution of all issues with Pakistan through talks as long as Islamabad does not allow its soil to be used for terrorist activities against India, Indian President Pratibha Patil said on Monday.
"With Pakistan, we seek a peaceful resolution of issues through a meaningful dialogue as long as Pakistan does not allow its soil to be used for terrorist activities against India," PTI quoted her as saying in her address to a joint

PESHAWAR - Justice Jehanzaib Rahim, a dysfunctional judge of the Peshawar High Court (PHC), on Thursday issued a show-cause notice to the larger bench of the Supreme Court, scheduled to hear contempt proceedings against eight PCO judges, including him on February 21, to appear before his court also on February 21, to explain the grounds for serving him the contempt of court notice.
Legal experts say the show-cause notice issued by Justice Rahim did not have any legal or moral

ISLAMABAD - The Supreme Court (SC) on Wednesday issued notices to the Attorney General of Pakistan, Advocate General Balochistan and others to file para-wise comments on a petition filed against the incidents of targeted killing, kidnapping and abduction for ransom in Balochistan.
A four-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday was hearing the petition filed by the

LAHORE - Lahore High Court Justice Sheikh Azmat Saeed on Wednesday issued pre-admission notices to the Punjab government and other respondents on a petition challenging the establishment of Liberty Park and Ride Shopping Plaza. Judge directed the respondents to file the replies till February 17.
The petition is moved by seven petitioners including Muhammad Azhar Sidduque, chairman of a law firm, Mohammad Saleem Hafeez, Mian Mohammad Haroon of Hotel MelRose Inn, Arshad Kareem

ISLAMABAD - The Islamabad High Court (IHC) on Tuesday issued notices to the chairmen of National Accountability Bureau (NAB) and National Assembly's Public Account Committee (PAC) besides Secretary Finance on a petition filed by a former president of Small and Medium Enterprise (SME) Bank.
Tahir Abbasi through his lawyer pleaded before a division bench, headed by Chief Justice IHC Iqbal Hameed-ur-Rehman, that the NAB had registered a reference against him in 2002, charging him of

ISLAMABAD - With the IMF refusing to bail Pakistan out of its economic crisis until the agreed reforms are implemented and the Raymond Davis issue jeopardising Pak-US diplomatic relations is resolved, President Asif Zardari on Tuesday announced holding a "roundtable conference" with a national agenda to steer the country out of the crises.
"The agenda of the conference has not been set as it will be decided with a consensus after consultation with all political parties,"

LAHORE - The United States Agency for International Development (USAID) has released the first tranche of $20 million to the Pakistan Water and Power Development Authority (WAPDA) for the Gomal Zam Dam Project. The USAID had signed an agreement with WAPDA last month for providing $40 million to help complete the Gomal Zam Dam Project.
Had this financial assistance not been provided, construction work on the project would have virtually ground to a halt due to lack of funding

ISLAMABAD - The Sui Southern Gas Company Limited (SSGC), on Friday, issued a Letter of Comfort to Jamshoro Joint Venture Limited (JJVL) following directions of the Sindh High Court (SHC) and the National Assembly Standing Committee on Petroleum. In a related development, British Petroleum Pakistan (BPP) extended the Gas Sales Agreement (GSA) for Badin block from February 03, 2011 to August 3, 2011 and assured that all parties would conclude a fresh composite GSA within the specified

LAHORE - The Federal Investigation Agency (FIA) on Friday included the name of Moonis Elahi, son of former Punjab chief minister Pervaiz Elahi, in the watch list and alerted immigration staff of all airports to arrest Moonis on his arrival.
Moonis Elahi is allegedly involved in the National Insurance Company Limited (NICL) land scam. Sources in the FIA confirmed that Moonis was expected to reach Pakistan on Friday from the UK through flight number EY-241 of Etihad Airlines.

LAHORE - In response to certain reports appearing in the media pertaining to the initiation of investigation against the Company Secretary of Lahore Stock Exchange (LSE) by the Federal Investigation Agency (FIA), it is hereby stated that LSE has no knowledge of any such action and has not been contacted, approached and visited by FIA with regards to this matter.
It is further clarified that the LSE has lodged a criminal complaint with FIA against two of its former employees in

LAHORE - Speakers at the economic dialogue arranged by the Lahore Chamber of Commerce and Industry were united in calling for good governance, strong institutions and sound macroeconomic management as the drivers of economic growth. They stressed that government needs to roll up its sleeves to break the vicious economic crisis.
LCCI President Shahzad Ali Malik, PIDE Vice Chancellor Dr Rashid Amjad, former Chief Economist Planning Commission Dr Pervaiz Tahir, former World Bank

ISLAMABAD - President Asif Ali Zardari on Thursday called for Pak-Afghan joint efforts to resolve all issues disturbing regional peace, security and stability, saying there was no outside solution to bring stability and peace to the region.
He expressed these views during his meeting with Afghan Foreign Minister Dr Zalmai Rassoul held at Aiwan-e-Sadr.
The president reiterated that Pakistan believed in the policy of neutrality and non-interference in the internal affairs of

TUNIS - Tunisia said Wednesday it had issued an international arrest warrant for ousted president Zine El Abidine Ben Ali, who resigned this month amid protests against his regime and fled to Saudi Arabia.
The justice ministry said Ben Ali, his wife Leila Trabelsi and other members of his once all-powerful family were accused of illegally acquiring assets and transferring funds abroad during the veteran leader's 23-year regime. The announcement came as tensions mounted in the

LAHORE - The Punjab government is about to constitute a Building Control Authority (BCA) to approve buildings' maps, regulate construction of residential and commercial buildings, enforce building bylaws and check rampant building violations in 36 districts of the province.
The move came after the orders issued by a full bench of the Supreme Court of Pakistan headed by Justice Khalil-ur-Rehman Ramday, which had summoned Punjab chief secretary, former district nazim Lahore and

LAHORE - Justice Asad Munir of the Lahore High Court on Wednesday issue notice to the Chairman National Highways Authority (NHA) and Evolves Company which was given Motorway/Highways advertising and promotional contracts by the authority at low rates by violating rules at the cost of loss to national kitty.
The judge directed the respondents NHA and the contractor company to file reply positively within three weeks. The order came on the petition against NHA which was filed by

ISLAMABAD - The US and Pakistan on Saturday agreed to work more closely in multilateral human rights fora, especially in the UN Council of Human Rights, to promote shared values and objectives.
The two sides also agreed to have regular consultations on issues of human rights and International Humanitarian Law. Foreign Secretary Salman Bashir received US Assistant Secretary of State for Human Rights Michael H Posner, who is presently visiting Pakistan, and discussed issues