BEIJING (Agencies) – Chinese Foreign Minister Yang Jiechi on Sunday gave a health certificate to the Pakistan government and its ability to tackle rising militancy in that country, but he kept silent about India-China relations including the issue of World Bank financing of projects in Arunachal Pradesh.
He underlined…
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ISLAMABAD – The World Bank has taken serious notice of reported efforts and obvious intentions of the Government to undermine effectiveness, if not existence, of the Competition Commission of Pakistan (CCP) that was established under conditional support of the Bank.
According to well-placed sources, the Bank’s resident mission has taken…
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QUETTA – A complete shutterdown and wheel-jam strike was observed in different towns of Balochistan on Wednesday against the killing of two students in bomb blasts at Khuzdar Engineering University. In Khuzdar, the protest was marked by widespread violence, as infuriated protestors ransacked banks and utility stores besides torching a…
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KARACHI – NIB Bank earned a consolidated profit after tax of Rs 1.5 billion and a standalone profit after tax of Rs 691 million in 2009.
According to a statement issued by the bank here on Friday, the net mark-up income of NIB increased by 23 per cent over…
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HEBRON, West Bank, (Agencies) – Israel’s plan to include West Bank religious sites in a Jewish heritage plan is a clear provocation but the Palestinians will not be dragged into violence, the Palestinian Prime Minister said Friday.
Protesting at what he said was a politically-motivated move by Israel, Salam Fayyad…
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ISLAMABAD – Terming Haris Steel Mills case as an example for other cases being preceded in the Supreme Court to curb the money looters, Chief Justice Iftikhar Muhammad Chaudhry has directed authorities concerned to arrest Sheikh Nisar, an absconder in Rs 9 billion Bank of Punjab (BoP) scam case.
“It…
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Supreme Court has ordered NAB to recover Bank of Punjab’s (BoP) money from Haris Steel Mill and file report in the court afterwards. Chief Justice Iftikhar Muhammad Chaudhry has said that the Haris Steel Mill case be made a precedent for other such cases. During the hearing, the CJ remarked…
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KARACHI (Reuters) – Pakistan received on Wednesday $349.3 million from the United States as part of a fund to help the US ally sustain efforts to fight militancy, a central bank official said on Wednesday.
“We have received $349.3 million as reimbursement from the US for the coalition support fund,”…
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Pakistan received on Wednesday $349.3 million from the United States as part of a fund to help the U.S. ally sustain efforts to fight Islamist militancy, a central bank official said on Wednesday.
“We have received $349.3 million as reimbursement from the U.S. for the coalition support fund,” said Syed…
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Finance Minister Shaukat Tarin announced on Tuesday that he is resigning from his post but will continue to stay in office until the end of the month. Earlier on Tuesday, government officials had stated that Tarin is stepping down to focus on his private banking interests. “He said he needs…
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PESHAWAR – Prime Minister Syed Yousuf Raza Gilani on Monday said that Chasma Right Bank Canal (CRBC) project would be launched by the end of March, saying the Executive Committee of National Economic Council (ECNEC) had already approved this mega project.
The Prime Minister also announced construction of a modern…
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Indian Home Minister P. Chidambaram said India has agreed to take up different issues (besides terrorism) with Pakistan during the secretary-level talks scheduled to be held on February 25. Talking to Kashmiri leader Mehbooba Mufti, Chidambaram said the Indian government was also considering giving banking facilities to traders to initiate…
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LAHORE – PML-N Quaid Mian Ex Prime minister Mian Nawaz Sharifhas said that his party would continue to make serious efforts for the retrieval of looted national wealth stashed in the Swiss banks.
He said survival and stability of the country lies in return of the public money from Swiss banks. PML-N would…
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FAISALABAD – Two suspected terrorists were killed while two of their cronies were arrested here Friday in an encounter with a police party outside State Bank building.
Police along with ISI team, on a tip-off, cordoned off the area where the suspects were present. When police ordered them to…
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Indus Water Commissioner Jamat Ali Shah has said that India under the Kishanganga Project wants to divert path of River Neelam and thus Pakistan is now likely to move to the World Bank for arbitration. While briefing the Senates’ standing committee on water and power that met here under the…
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Chief Justice Iftikhar Muhammad Chaudhry rebuked Chairman NAB Naveed Ahsan on not reopening of Swiss cases. During the bankers’ city case hearing, the CJ ordered that no NAB official would be allowed to appear before the court unless the court orders were implemented, adding that the condition would be applied…
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Mastermind of Islamabad and Lahore blasts along with one other terrorists were killed in a police encounter near State Bank, here in Faisalabad on Friday, a private TV reported.
According to the details, mastermind of Islamabad and Lahore blasts, identified as Dr Mullah Kundi killed in a police encounter along…
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