Pakistan News Archive » Bank

Oil ban won’t halt nuclear work: Tehran

PAK NEWS — Sun, 05 Feb 2012 04:25:14 +0000

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 …

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Iranian nuclear scientist killed in Tehran: report .. .. An Iranian nuclear scientist was killed in the...
Defiant Tehran to launch nuclear work in bunker in ‘near future’ TEHRAN – Iran will in the “near future” start enriching...
Iran ‘nuclear scientist’ shot dead in Tehran: media TEHRAN: Iranian nuclear scientist Dariush Rezaei was shot dead on...

Banned outfits gaining strength due to capital inflows, claims report

PAK NEWS — Sat, 04 Feb 2012 07:25:19 +0000

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 [...]

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Via DAWN.com

Banned outfits involved in Balochistan attacks: Malik .. .. Interior Minister Rehman Malik on Wednesday blamed prohibited...
Brigadier detained for suspected links to banned group ISLAMABAD: Authorities detained a serving brigadier suspected for ties with...
Crackdown against banned outfits: leaders, workers go under ground Crackdown against banned outfits has started in Jahania but...

Law grads go to court for bankruptcy protection

PAK NEWS — Sat, 04 Feb 2012 07:25:15 +0000

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

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Via DAWN.com

Protection of public money is national responsibility of court: CJP Chief Justice of Pakistan Iftikhar Mohammed Chaudhry during hearing of...
Bankruptcy tourism NIALL is 31 and manager of a successful fruit farm...
Consumer rights protection yet to get govt`s attention The Khyber Pakhtunkhwa was the first of the four provinces...

Loans of rice millers, traders waived

PAK NEWS — Sat, 04 Feb 2012 01:25:17 +0000

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, …

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‘Six families got big loans waived off’ RAWALPINDI (APP) – The joint session of the National Assembly...
SC seeks waived loans list from 1971-1990 Supreme Court on Friday sought a complete list of...
Rs74b loans waived off in last 2 years, SC told .. .. ISLAMABAD – The counsel for the State Bank...

Inflation pressure to persist: SBP chief

PAK NEWS — Thu, 02 Feb 2012 22:25:29 +0000

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.

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Via DAWN.com

Food inflation must be tackled in Asia: ADB chief economist The ADB report said food price inflation in Asia...
Dollar printing is feeding inflation in China: minister BEIJING: Rampant issuance of dollars by the United States...
Cut in govt borrowing to dip inflation: SBP .. .. ISLAMABAD (APP) – Governor State bank of Pakistan...

SC directs NAB to move reference against accused in BoP scam

PAK NEWS — Thu, 02 Feb 2012 22:25:28 +0000

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 [...]

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Via DAWN.com

Govt defaming us, says scam accused .. .. LAHORE – The officials of Punjab government are...
PAC directs action against three retired generals in NLC scam ISLAMABAD: The Public Accounts Committee (PAC) of the National Assembly...
SC directs FIA to arrest main culprits in NICL scam .. .. The Supreme Court on Tuesday directed Director General...

Romney wins in Florida, turns sights on Obama

PAK NEWS — Wed, 01 Feb 2012 14:25:16 +0000

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 [...]

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Via DAWN.com

Romney progresses towards Republican nomination, wins New Hampshire; Paul second WASHINGTON – Former Massachusetts governor Mitt Romney won the New...
Gingrich wins key vote, reshapes Republican race COLUMBIA: Republican White House hopeful Newt Gingrich walloped rival and...
Gingrich wins South Carolina Republican primary WASHINGTON — Former House Speaker Newt Gingrich came from behind...

Israel holds Palestinian freed in swap

PAK NEWS — Wed, 01 Feb 2012 01:25:20 +0000

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 …

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Israel settlers march in protest at Palestinian UN bid BEIT EL: A few dozen Israeli settlers were on Tuesday...
477 Palestinian prisoners freed in swap deal .. .. KEREM SHALOM (AFP) – Israeli soldier Gilad Shalit,...
Two militants dead in Israeli raid in West Bank JERUSALEM: Israeli troops killed two senior Hamas militants in...

Punjab seeks $250m WB loan for water sector

PAK NEWS — Tue, 31 Jan 2012 05:25:12 +0000

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

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Via DAWN.com

WB approves $ 50 million for Water resource management in Sindh The World Bank has approved a US million IDA...
WB to consider $250m loan ISLAMABAD (APP) – A session of the World Bank’s board...
WB approves $ 50 million for Water resource management in Sindh The World Bank has approved a US million IDA credit...

GDP 4.2pc growth target may be missed: SBP

PAK NEWS — Sun, 29 Jan 2012 09:25:10 +0000

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

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Via DAWN.com

Pakistan’s GDP growth target for FY10/11 at 2.4 per cent KARACHI: Pakistan’s Finance Ministry said on Tuesday an economic growth...
Most targets missed ISLAMABAD: Throwing up no new surprises, the Economic Survey 2010-2011...
State Bank predicts 2-3pc growth rate KARACHI: The State Bank has predicted 2-3 per cent GDP...