Tag Archives: Private

Sindh govt to keep check on guards hired by private security firms

Sindh govt to keep check on guards hired by private security firms

KARACHI – The Sindh government has decided to monitor the hiring process of private security agencies working in the province to ensure that they do not give jobs to terrorists and criminals. It would also take action against security agencies operating without the government’s permission.
The decisions were taken in a meeting on Tuesday between a seven-member All Pakistan Security Agencies Association (APSAA) delegation led by its chairman Muzzaffar Ata Malik and Sindh Home

Govt encourages private sector to import sugar

ISLAMABAD – The private sector can import both raw and white sugar during the current season, it has been officially learnt. According to official sources, the government has encouraged the private sector to import sugar in the current sugar season. Sources added that the private sector has opened LC’s for 1, 53,000 tonnes of both white and raw sugar. It may be recalled that the 25 percent import duty on raw sugar has been removed to facilitate the private sector, while the duty on

LHC restricts court employees from private jobs

LAHORE – Lahore High Court (LHC) Chief Justice (CJ) Ijaz Ahmed Chaudhry on Friday directed all district and sessions judges of Punjab and Islamabad to stop court employees from engaging in any other private job or business in addition to their official assignments.
A directive issued by the LHC said that the CJ has directed all district and sessions judges to make sure that court employees do not violate the directive and stay away from any business or private jobs if any. CJ

Private publishers take over Punjab Textbook Board

LAHORE – The private publishers have virtually taken over the management of Punjab Textbook Board (PTB), throwing to winds the standards set in the National Textbook and Learning Materials Policy (NTLMP).
The curriculum wing of federal ministry of education issued the NTLMP in 2007. The purpose of the policy was the improvement of textbooks and learning materials but the policy has fallen foul to the benefit of private publishers, corrupt mafia and incompetent writers.

Govt to borrow Rs 1.060 trillion from private sector in 3rd quarter

KARACHI – The federal government appears all set to sustain its dependence on private sector borrowings for meeting its budgetary requirements during the third fiscal quarter, despite warnings from the International Monetary Fund (IMF) and the State Bank of Pakistan.
The central bank has set a target of Rs 1.060 trillion, to be raised form the open market, through issuance of Government Ijara Sukuk (GIS), Government Market Treasury Bills (GMTBs) and Pakistan Investment Bonds

China to launch top private bank in Pakistan

BEIJING – Chinese Prime Minister Wen Jiabao is going to open a branch of the Industrial and Commercial Bank of China (ICBC), the top private bank of China, during his visit to Pakistan, a private TV channel reported on Wednesday.
The ICBC is the world’s biggest bank by capitalization. Li Xiguang, a professor at the Tsinghua University in Beijing said that the trade between Pakistan and China will be worth $7 billion with an annual growth rate of 29 percent by the end of this

Parliament can allow private Haj management, says Kazmi

ISLAMABAD: The Ministry of Religious Affairs will not have any objection if the parliament allows the private sector to manage Haj arrangements, Minister Hamid Saeed Kazmi told the Standing Committee of the National Assembly on Religious Affairs on Friday.
The standing committee, headed by Maulana Muhammad Qasim, had summoned Kazmi to probe the Haj scam.
“Parliament is sovereign and can allow private sector to run Haj affairs completely or partially or for limited purposes

Karzai shelves plan to ban private security firms

KABUL: Afghanistan announced Monday that it would scrap plans to ban private security firms working across the country, announcing instead new restrictions on their operations.
All 52 licensed companies will now continue to provide security to the international forces, the Pentagon, the UN mission, aid and non-governmental organisations, embassies and Western media companies in Afghanistan.
“Their future operations will continue in accordance with the law and regulations in

Sindh will propel public and private firms to help flood victims

KARACHI: Dejected by the weak response from international donors, the Sindh government is planning to mobilise public and private firms, both local and international, for the reconstruction of flood-hit areas in the province, Pakistan Today has learnt.
Governments of Sindh and Punjab have slashed down their development and non-developmental expenditures by Rs 45 billion and Rs 30 billion, respectively following almost zero response from the international community.

Private sector allowed to import LNG

ISLAMABAD: Delay in the resolution of legal issues arising from public sector imports have forced the government to fast track imports of Liquefied Natural Gas (LNG) through the private sector, to meet the rising power demand by the industrial sector in the country.
According to official sources, the government has decided that the private sector will be granted permission to import LNG up to the upper limit of one billion cubic feet per day (BCFD).
However the government

Private employees forced to work on Eid without bonuses

LAHORE: Thousands of workers of private companies sacrifice their joy of celebrating Eidul Azha for the sake of their jobs without getting any bonus and compensation in return, Pakistan Today has learnt.
People working at bakeries, hotels, restaurants, petrol pumps and playlands have expressed their concerns over the inhuman attitude of their employees who forced them to work on festive occasions by openly violating labour laws.
Most of these workers belong to areas

Private hospitals, labs making money off dengue

LAHORE: Private hospitals and laboratories continue to cash in on the dengue epidemic as the dengue fear grips the city, while an increasing number of patients pour in.
A survey of major private hospitals and laboratories reveals that extremely high prices are being charged for the diagnosis and treatment of dengue and huge profits were being made out of a facility that was available free-of-cost in government hospitals.
The survey included National Hospital Defence,

US must rein in private security firms: UN experts

GENEVA: A UN expert group on mercenaries on Tuesday urged the United States to exercise stronger official control over private security contractors in Afghanistan.
The UN Working Group on the use of mercenaries welcomed a US Senate committee report this month which found that Washington had failed to manage those hired to provide security under contracts worth billions of dollars, with disastrous results.
However, the chairman of the UN body, Alexander Nikitin, said it was