Posts Tagged ‘Budget’

Confident PM eyes budget

LAHORE – Prime Minister Yousuf Raza Gilani Friday said he will respect outcome of the contempt case and vowed that Senate election will be held on time, pledging to soon reveal ‘conspiracies’ against the upper house vote.
The embattled premiere clearly hinted he will stay in power even after the coming budget, telling journalists on the launch of Pak Business Express at Lahore …

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University to set up fifth campus

LAHORE – The Fast National University is going to set up its fifth campus with the budget of Rs750 million and Senator Wasim Sajjad will perform its ground breaking at Faisalabad-Chiniot Road on Saturday.
Former Member National Assembly Qaiser Ahmad Sheikh, LCCI President Irfan Qaiser Sheikh, Mian Mahboob Tata, Mian Khali Tata, Mian Naseem Shafi, LCCI former president Mian Anjum Nisar and a …

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Option for early polls open:?PM

ISLAMABAD – Prime Minister Syed Yousuf Raza Gilani has made it clear that the option for early elections is open.  “All those political elements who want early elections can talk to me but after the budget session,” added the Prime Minister. He was talking to MNA Asim Nazir, who called on him at the Prime Minister’s House here on Monday.Asim congratulated the Prime Minister …

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Option for early elections is open: PM

The Prime Minister Syed Yusuf Raza Gilani has made it clear that the option for early elections is open. “All those political elements who want early elections can talk to me but after the budget session”, added the Prime Minister.
The Prime Minister was talking to Mr. Muhammad Asim Nazir, MNA, who called on him at the Prime Minister’s House on Monday.
Mr. Asim congratulated the …

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PM hints at early polls

Abrar Saeed
ISLAMABAD – Prime Minister Yousuf Raza Gilani hinted at holding of pre-schedule general elections anytime after the presentation of annual budget and said that they were ready to sit with opposition address their concerns regarding the election commission and settle modalities for holding free and fair elections.
Talking to media persons at Prime Minister’s House Sunday …

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2010-like flood likely in Ravi, Satluj

ISLAMABAD – The National Disaster Management Authority (NDMA) has cautioned about 2010-like floods situation in the Ravi and Satluj rivers this year, saying that the situation might deter with the start of pre-monsoon season.
“Punjab Chief Minister has been suggested to keep Rs5 billion budget specially for the areas adjacent to River and Sutlej to deal with expected situation,” NDMA …

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General elections likely after budget: PM

Prime Minister Syed Yousuf Raza Gilani Sunday said that general elections could be held any time after the fiscal budget 2012-13, adding that the budget would be presented in May. While talking to media persons at PM House after returning from Davos, the prime minister said that we would try to take all parties into confidence on 20th Amendment. He said that the government has not talked about …

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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 …

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US to rely more on drones now

WASHINGTON  – The Pentagon would increase its emphasis on drone aircraft and would go ahead with a long-range bomber and proceed with other weapons that would allow it to project power from a longer range, a capability needed in the Asia-Pacific and Middle East, Defense Secretary Leon Panetta told a news conference at the Pentagon unveiling the budget cuts on Thursday that would …

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Reckless budget

WHO says you can’t fight City Hall? Torontonians who successfully pushed back against Mayor Rob Ford’s reckless cuts are the real winners in this year’s budget process. By the hundreds, they came to all-night

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Via DAWN.com

Villepin to testify in corruption affair

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PARIS  – French presidential candidate Dominique de Villepin will offer testimony as part of an investigation into illegal campaign financing in the 1995 election, a case which has put President Nicolas Sarkozy, then budget minister, under intense scrutiny.
Villepin told Canal+ television he would speak to an investigating judge on Monday in the case which aims to determine whether illegal …

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Aid ‘freeze’ to Pakistan can be waived: US

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As the US Congress agreed to freeze close to $700 million in aid to Pakistan, the Obama administration sought to assure its estranged ally that the legislation merely includes a reporting requirement and that too could be waived.
The freeze provision is part of a giant $662 billion defence budget…

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EU leaders back euro crisis pact, but Britain stays out

BRUSSELS: European Union leaders, excepting Britain, banded together Friday to back tighter budget policing after a heated summit considered a last chance to save the debt-struck eurozone. After two years of foot-dragging on deepening integration, 26 of the 27 EU states signalled their willingness to join a “new fiscal compact” to resolve the two-year crisis [...]

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Via DAWN.com

Deal drought to shrink equity capital market teams

LONDON: Investment bankers expect equity capital markets divisions in Europe to be scaled back next year as a drought in activity squeezes budgets, with many predicting a quarter fewer jobs and the possibility some players will exit the sector completely. A handful of bumper deals in the first half of 2011, such as the $10 [...]

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Via DAWN.com

London risks breaking Games budget, watchdog says

LONDON: London is in danger of exceeding its 9.3-billion-pound ($14.61-billion) budget for the 2012 Olympics unless rigorous action is taken to curb costs, Britain’s spending watchdog said on Tuesday. The National Audit Office (NAO) also said it was concerned that the venue security bill had nearly doubled to 553 million pounds, while question marks remained [...]

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Via DAWN.com

Sarkozy, Merkel kick off week of crisis talks in Paris

  PARIS: French President Nicolas Sarkozy and German Chancellor Angela Merkel meet in Paris on Monday under pressure to align their positions on centralising control of euro zone budgets to stem a debt crisis that threatens Europe’s currency union. After individually outlining their views last week on closer fiscal integration, the two leaders must overcome [...]

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Via DAWN.com

Punjab Zakat council approves monthly budget

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LAHORE – Provincial Zakat Council Punjab has passed first six monthly budget for 2011-12 and gave approval for release of Rs 87LAHORE: Governor Latif Khosa, MPA Syed Ahmad Mujtaba Gilani and others on the walima ceremony of Syed Muneeb Bin Amir and Syed Haroon Bin Amir, sons of General Manager…

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