Tag: Pc

PC outlines economic growth framework

The Planning Commission (PC) of Pakistan is all set to unveil its ‘Pakistan Economic Growth Framework’ in the National Economic Council (NEC) meeting, which...

PC recommends development budget outlay of Rs 795b

The Planning Commission has recommended a consolidated development budget outlay of Rs 795 billion, with a federal share of Rs 365 billion and provincial...

PC to wait for SC decision on review petition

ISLAMABAD - The parliamentary committee (PC) on judges' appointment on Thursday deferred discussing the Supreme Court (SC) verdict that annulled the PC's rejection of appointments of additional judges in the Sindh and Lahore High Courts.
The PC met under the leadership of Senator Nayyar Hussain Bokhari at the Parliament House, deciding that the committee would wait for the Supreme Court verdict on a review petition filed by the federation against its earlier decision.

PC will ask PM to file review plea against SC decision

ISLAMABAD - The Parliamentary Committee (PC) on judges' appointment unanimously decided on Wednesday to request the prime minister that a review petition be filed in the Supreme Court on behalf of the federation, against the verdict of a four-member bench, which overturned the PC's decision rejecting the Judicial Commission (JC)'s recommendation for one-year extension to six additional judges of the Lahore High Court (LHC) and Sindh High Court (SHC).
The PC decided that it would

PC to evolve economic growth strategy

LAHORE - The Planning Commission (PC) of Pakistan is forming a much-needed economic growth strategy by focusing on economic discipline and productivity. The strategy, being evolved, would be an agenda of change and would not be a mere policy.This was stated by the Planning Commission of Pakistan Deputy Chairman Dr Nadeemul Haq, while speaking at a dialogue on economic growth challenges for Pakistan, arranged by the Lahore Chamber of Commerce and Industry (LCCI) on Saturday.

SC doubts judiciary’s independence if PC rejects JC’s recommendations

ISLAMABAD - The Supreme Court on Thursday questioned the independence of the judiciary if the parliamentary committee (PC) on judges' appointment could reject the recommendations of the Judicial Commission of Pakistan (JCP). Justice Khilji Arif Hussain said this while conducting hearing on pleas against the rejection of one-year extension in the service of six additional judges of high courts by the PC.
Other members of the four-member SC bench are Justice Mahmood Akhtar Shahid

PC rejected judges’ extension on JC reservations, SC told

ISLAMABAD - The Supreme Court (SC) was told on Tuesday that the reasons given by the Parliamentary Committee (PC) for rejecting a year-long extension in the services of six additional judges of the Lahore High Court (LHC) and Sindh High Court (SHC) were allegedly based upon the reservations of one of the members of the Judicial Commission (JC).
A four-member SC bench comprising Justice Mahmood Akhtar Shahid Siddiqui, Justice Jawwad S Khawaja, Justice Khilji Arif Hussain and

More Boeing 777s for PIA – PC objects to purchase procedure

ISLAMABAD - The Planning Commission has raised a number of objections over the procedure adopted by the management of Pakistan International Airlines (PIA) to purchase eight Boeing 777 aircraft worth millions of dollars.
According to the sources in Planning Commission, it has pointed that the feasibility for the project is also not prepared. "Whether the bids to acquire used aircraft were invited, was competitive climate ensured and airbus offer was received or not," are also

PC looking to launch $ 3 billion convertible petroleum bonds

ISLAMABAD - The National Assembly Standing Committee on Privatisation was informed on Thursday that the government could generate $3 billion through the launch of convertible bonds for the three state owned oil and gas entities of OGDCL, PPL and PSO.
The Minister for Privatization Waqar Ahmad Khan informed this while briefing the National Assembly Standing Committee on Privatisation, chaired by Khawaja Sohail Mansoor here on Thursday.
The minister said that the

First lady makes her presence felt at PC Furniture Exhibition

LAHORE - Private-sector print and electronic media were barred from entering the Women Entrepreneur Furniture Exhibition at the Pearl Continental Hotel on Sunday, as First Lady Fauzia Gilani attended the exhibition's last day at the hotel's Shahi Khema Hall.
The general public and journalists criticised the extraordinary protocol given to the PM's wife and termed it a disrespect. Journalists, already present in the hall, were forced to leave the spot until Fauzia was present in

E & P trading at 23 pc discount

KARACHI - The Exploration and Production sector in Pakistan is currently trading at a 23 percent discount in comparison to a historic discount of 28 percent.
Though this convergence is mainly due to the Oil and Gas Development Company, now trading at a mere five percent discount, Pakistan Petroleum Limited (PPL) and Pakistan Oil Fields Limited (POL) are also trading close to their respective historic discounts of 32 percent and 34 percent respectively.
In terms of dividend