Posts Tagged ‘Bank’

Oil ban won’t halt nuclear work: Tehran

TEHRAN (RETUERS) – Iran’s oil minister said the Islamic state would not retreat from its nuclear programme even if its crude oil exports grind to a halt, the official IRNA news agency reported on Saturday. But he also called on the European Union, which accounted for a quarter of Iranian crude oil sales in the third quarter of 2011, to review its decision last week to bank Iranian oil …

..
..

.. .. .. .. ..

Banned outfits gaining strength due to capital inflows, claims report

KARACHI: Pakistan’s intelligence agencies have informed the government that the outfits banned in Pakistan and abroad were gaining momentum due to the supply of capital in the form of domestic and international currency, a BBCUrdu report said. According to a secret report obtained by BBCUrdu, the outfits were operating through proxy bank accounts in Pakistan [...]

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

Law grads go to court for bankruptcy protection

“I was really thinking it would be much easier to get a job,” said Valle.

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

Loans of rice millers, traders waived

KARACHI – The ruling party is opting for another idea to gain political support in the next general elections, as banks have been directed to write-off the outstanding loans of rice millers and traders in Sindh and Balochistan.
It has been learnt that the Economic Coordination Committee (ECC) of the Cabinet decided at a meeting held on Jan 03 that 50 per cent of the outstanding loans, …

..
..

.. .. .. .. ..

Inflation pressure to persist: SBP chief

Pakistan’s central bank governor expects inflation pressures to persist in the next fiscal year beginning July as challenges in meeting federal revenue targets could push up government borrowing.

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

SC directs NAB to move reference against accused in BoP scam

ISLAMABAD: The Supreme Court on Thursday directed Additional Prosecutor General National Accountability Bureau to move reference against Sheikh Muhammad Afzal, the main accused in Bank of Punjab loan scam, and others, before February 10 in a competent court. It also directed the court seized of the matter to proceed against Sheikh Afzal and others by [...]

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

Romney wins in Florida, turns sights on Obama

TAMPA: Mitt Romney clobbered Newt Gingrich by 14 percentage points in Florida’s Republican primary vote and moves on to the next state, Nevada, on Wednesday with a fat campaign bankroll and a renewed sense that he is the inevitable challenger to President Barack Obama in November. Ten days after Gingrich hammered Romney by a similar [...]

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

Israel holds Palestinian freed in swap

HEBRON  – Israeli troops overnight detained a Palestinian man among those freed from prison last year in exchange for the release of a captured Israeli soldier, Palestinian sources said Tuesday. The Israeli military confirmed that it had arrested the man, named by Palestinian security sources as Ayman Sharawna, from the village of Dura, south of the West Bank city of Hebron. A military …

..
..

.. .. .. .. ..

Punjab seeks $250m WB loan for water sector

ISLAMABAD, Jan 30: The Punjab government is seeking a loan of $250 million from the International Development Association of the World Bank for a project to improve water productivity in central and southern parts of the province

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

GDP 4.2pc growth target may be missed: SBP

KARACHI, Jan 28: The State Bank said on Saturday that average inflation by the end of this year was likely to be close to 12 per cent while the country might miss the GDP growth target of 4.2 per cent set for the current

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

SBP warns of galloping inflation

KARACHI – The recent fiscal figures have revealed that the government has been making some headway towards improving its finances, the State Bank said on Saturday, but warned that inflation may shoot up in the coming months.
The budget deficit for the first quarter of FY12 was 1.2 per cent of GDP, compared with 1.5 per cent during the same quarter last year, said State Bank’s First …

..
..

.. .. .. .. ..

PM’s ex-aide Khurram produced before SC

Former media coordinator of Prime Minister Syed Yousuf Raza Gilani, Khurram Rasool has been taken to the Supreme Court (SC) on Friday.
It should be mentioned here Khurram Rasool involved in fraud of Rs.630 million LNG quota case and a bank loan case of Rs.719.3 million, surrendered to Federal Investigation Agency (FIA) in late night development.
Talking to media on the occasion, Khurram Rasool …

..
..

.. .. .. .. ..

Khurram sentenced to 3 years in prison

Mian Dawood

ISLAMABAD/LAHORE – An accountability court Thursday indicted Khurram Rasool, former media coordinator of the Prime Minister, in a bank fraud case, sentencing him three years imprisonment.
Justice Jahandad Khan of Rawalpindi Accountability Court (AC-III) who sentenced Khurram Rasool in absentia also issued arrest warrants for him.
Four co-accused, including three bank officials …

..
..

.. .. .. .. ..

Forex reserves fall to $16.80 billion

Pakistan’s foreign exchange reserves fell to $16.80 billion in the week ending Jan 20, from $16.90 billion in the previous week, the central bank said on Thursday.

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

Court indicts Khurram Rasool in bank fraud case

An accountability court in Rawalpindi on Thursday indicted Khurram Rasool, the former media coordinator of Prime Minister Yousuf Raza Gilani, in a bank fraud case, DawnNews reported.

,,
,,

,, ,, ,, ,, ,,

Via DAWN.com

Court sentences Khurram Rasool three years imprisonment

An accountability court has sentenced Khurram Rasool, a former media coordinator of the prime minister, to three years in prison in the bank fraud case, while earlier a Banking Court had accepted his interim bail. He has been convicted ex-parte for no appearance in the banking fraud case. Khurram was charged with embezzling Rs 710 million of a private bank. Earlier, a banking court Lahore had …

..
..

.. .. .. .. ..

Ahmadinejad: Western embargo won’t hurt Iran

Iranian President Mahmoud Ahmadinejad said Thursday that the Islamic republic will not be hurt by newly imposed Western sanctions, Iran’s state television website reported. On Tuesday, the European Union adopted an oil embargo on Iran, while the US blacklisted Tehran’s third-largest bank. “Once our trade with the Europe was around 90% but now it has reached to 10%… Experience has shown …

..
..

.. .. .. .. ..