Tag: Rs

ISLAMABAD: The 'corrupt' and 'incompetent' officials of Baitul Maal have looted Rs 1,070.727 million from the government's major welfare body, Pakistan Today learnt on Monday.
The audit report 2009-10 of the Ministry of Social Welfare and Special Education revealed that a total of Rs 1,070.727 million were embezzled from the accounts of Pakistan Baitul Maal (PBM).
According to details, PBM disbursed Rs 926.655 million under the Food Support Programme (FSP) without valid

LAHORE: The Lahore Development Authority (LDA) has cancelled the tenders of various development projects worth Rs 100 million awarded to private firms after reports of massive corruption and receiving kickbacks in the pre-qualification process and other procedural requirements laid down in the LDA Act surfaced, Pakistan Today has learnt.
The decision was taken after the CM Secretariat took notice of the violations in the tendering criterion.
CM Secretariat officials told

ISLAMABAD: The Law Ministry disbursed over Rs 220 million during 2009-10 among various bar associations across the country, the Senate was told on Friday.
The said figures are much higher than the previous amount of over Rs 90 million meted out during 2008-9. In a written reply to a question raised by JUI-F Senator Hafiz Rashid Ahmed, Law Minister Babar Awan told the Upper House that the ministry was provided Rs 80 million as supplementary grants during 2008-09, whereas it had a

ISLAMABAD: The government has approved a tree plantation campaign, in collaboration with the private sector, which will be completed at an estimated cost of Rs 12 billion, Labour and Manpower Minister Syed Khursheed Shah said on Friday.
Replying to supplementary questions raised by parliamentarians during the Question Hour in the National Assembly, the minister said that in the past, forests were ruthlessly cut down for development projects. However, the government was taking

ISLAMABAD: The Senate Standing Committee on Health was stunned to hear on Friday that hepatitis vaccines worth Rs 1 billion have been stolen from the National Institute of Health (NIH) and the case has been forwarded to the Federal Investigation Agency (FIA) for inquiry.
Committee chairwoman Kalsoom Parveen expressed doubts whether the vaccines had even been bought in the first place, saying that perhaps the purchase was only shown on papers. She said that 17 official vehicles of

LAHORE: The City District Government Lahore (CDGL) on Friday fixed the wholesale and retail prices of sugar at Rs 69 and Rs 72 per kilogramme, respectively.
Lahore DCO Ahad Khan Cheema issued a notification warning violators of stern measures, including three years imprisonment. The DCO said the district government had formed special monitoring teams headed by magistrates to ensure that dealers and retailers sold sugar at the prescribed prices.
Talking to Pakistan Today,

LAHORE: The price of sugar touched the highest-ever level of Rs 101 per kilogramme, with a 50 kg sugar bag being sold for Rs 5,050 in the province's largest wholesale market, Akbari Market, on Saturday.
Price lists showed that the price of white sugar had registered a sharp increase of Rs 11 per kg in the last five days. Data showed that due to the absence of price control, sugar prices increased by Rs 26 per kg since October 1, more than 35 percent in a single month.
Sugar

KARACHI: Bhooro Menghwar, a landless peasant belonging to the Dalit caste of Hindus (so-called untouchables), sold his last pair of goats and a cow after having sold everything else in his house to save the life of his six-year-old daughter Veena, who is suffering from severe aplastic anemia.
"The cure is bone-marrow transplant," doctors told him, which he cannot afford.
"What can I do? I have sold almost everything I had," said Menghwar, adding, "I have no option left but

PESHAWAR: An amount of Rs 2.5 million has been allocated by the Khyber Pakhtoonkhwa government for the renovation and preservation of Hindu temple in Gorghathari, Peshawar High Court was informed on Tuesday.
A sample application had been filed by Phool Vati, a Hindu woman, pleading before the Peshawar High Court that the temple had been declared their personal property in 1955 but was occupied by the provincial government. The local Hindus will not be able to celebrate the

LAHORE: The price of white refined sugar has touched its highest point ever and is currently being sold for Rs 90-92 per kilogram in local retail markets. Sugar dealers blame mill owners are responsible for the sugar price hike, while Pakistan Sugar Mills Association (PSMA) claims that sugar price is escalating mainly due to poor government policies.
Sugar price data indicates that the price of sweetener has increased by Rs 9.5 per kilogram since October 1st; an increase of

LAHORE: A local judicial magistrate on Monday handed over ex-Minister of the State for Defense Habib Ullah Warriach to Federal Investigation Agency (FIA) on physical remand til November 5.
Earlier FIA authorities produced the accused before magistrate to seek a 15 day physical remand to continue the investigation. The magistrate however extended the remand by four days.
Federal Investigation Agency (FIA) had arrested Ex-Minister of State for Defense Major (retd.) Habib Ullah

KARACHI: Pakistan plans to raise Rs 80 billion ($932 million) by selling Islamic bonds in the domestic market next month, the State Bank of Pakistan said on Friday, as the government seeks to cut its fiscal deficit.
The issue, titled the Government of Pakistan Ijara Sukuk, will be a three-year bond. In the first auction on November 8, the government aims to raise Rs 40 billion, with settlement on November 15. A second auction will be held on December 13 to raise the remaining Rs

KARACHI
MCB bank announced financial results for the quarter ending on June 30, 2010 announced gross profit of Rs 19.4 billion and cash dividend at the rate of 30 percent declared.
The board of directors met on October 26, 2010 and reviewed the performance of the bank for a period leading up to September 30th, 2010. The financial results for the nine months were presented before the board deliberated on them.
The bank delivered profit before tax of Rs 19.4 billion

KARACHI
The international oil giant, Shell Pakistan is irked over continuous delays in payment of over five billion rupees by the government of Pakistan on account of price differential claims, sales tax and petroleum development levy refunds.
In addition, the petroleum company is also negotiating with relevant fiscal authorities in Islamabad to reconsider doubling of minimum tax on turnover to one percent.
"The company is suffering an immense burden due to the doubling

PESHAWAR: The livestock, dairy and poultry sectors have suffered a loss of over Rs 7 billion in Khyber Pakhtunkhwa.
However, the government has not provided any compensation yet. The Ministry of Livestock has completed its preliminary survey, with the support of its district field offices and local administrations in the flood affected areas and has compiled its complete report of both direct and indirect losses to the livestock, dairy and poultry sectors.
The report

ISLAMABAD: Tax recovery cases worth Rs 100 billion are pending in courts of law, Federal Board of Revenue Chairman Sohail Ahmed informed the Public Accounts Committee on Tuesday.
"Of the Rs 100 billion, disputed tax recovery cases of Rs 37 billion are sub judice in the Supreme Court," he said, adding that the cases were pending since long. He said he had forwarded a request to the chief justice of Pakistan to constitute a special bench on the said cases, so that the FBR could

ISLAMABAD: Supreme Court Bar Association (SCBA) President Qazi Muhammad Anwar on Tuesday returned a cheque of Rs 1 million to Federal Law Minister Babar Awan following a strong protest by bar members, who called it an attempt to divide the lawyers.
The SCBA president also banned Awan's entry into bar premises, saying that the grant of Rs 4 million offered by the law minister for the uplift of the bar library would not be accepted. The law minister had given the Rs 1 million