ISLAMABAD: The National Accountability Bureau (NAB), Thursday, said that it was conducting inquiry into cases of money laundering, LED project, OGRA, RPPs, Pakistan Railways, NRO, NLC, OGDCL and others. Speaking at a news briefing here at NAB, spokesperson Zafar Iqbal Khan turned down reports published in different segments of media based on CDA’s claim that [...]
ISLAMABAD: Announcing its verdict in the Pakistan Steel Mills case, the Supreme Court Wednesday transferred the enquiry of Rs26 billion corruption scam from FIA to NAB. A three-member bench of the apex court, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Khilji Arif Hussain and Justice Tariq Pervez, heard the suo moto on corruption and mismanagement [...]
ISLAMABAD: The meeting of Defence Committee of the Cabinet (DCC), presided by Prime Minister Yousuf Raza Gilani, on Tuesday decided to form a new committee which would finalize the resumption of Nato supplies, sources said on Tuesday. According to the media reports, the committee would be chaired by Secretary of Finance Ministry while representatives from [...]
Islamabad: Taking ‘notice’ of the ‘non-parliamentary’ attitude of Pakistan Muslim League-Nawaz (PML-N) lawmaker Abid Sher Ali during the last session of the lower house of the parliament, NA Speaker Dr Fehmida Mirza has called him in her chamber at Parliament House. According to a press release, Dr Fehmida asked Abid Sher Ali to see her [...]
ISLAMABAD: A high level meeting was held at Aiwan-e-Sadr on Monday with President Asif Ali Zardari and Prime Minister Syed Yusuf Raza Gilani in chair to review the current situation with regards to the power issue in the country. Finance Minister Dr. Abdul Hafeez Sheikh, Federal Minister for Water & Power Syed Naveed Qamar, Petroleum [...]
KARACHI: The Model Customs Collectorate of Exports recovered 125 kilogrammes of heroin from an onion consignment destined for Malaysia. Addressing a press conference, Customs Collector Muhammad Ibrahim Vighio said it was the first time that heroin was recovered from an onion consignment. He said that a 40-feet container, containing onion stuffed in 5,400 bags of [...]
ISLAMABAD: Pakistan’s Federal Minister for Water and Power Naveed Qamar has claimed that unannounced load-shedding will be ended in 24 hours. Talking to media, Qamar said that abrupt shortfall in the power generation was due to technical fault in some power plants, adding measures were being taken on emergency basis. Abrupt shortfall in the power [...]
ISLAMABAD: President Asif Ali Zardari Thursday approved the nomination of three judges of Balochistan High Court. They include Mr Justice Abdul Qadir Mengal, Mr. Justice Naeem Akhter Afghan and Mr. Justice Muhammad Hashim Khan Kakar. The summary received by the President from the Prime Minister in this regard said that after due consideration by the [...]
ISLAMABAD: Failure to honour its financial commitments to Independent Power Producers (IPP) has led to the first-ever sovereign default by the government in Pakistan’s history. The default on sovereign guarantees – assurances the government provides to foreign investors – may not only unnerve the financial markets, but also downgrade the government’s creditworthiness, making it more [...]
ISLAMABAD: It seems the government and lawyers’ concerns have prevailed, once again. The judicial commission, headed by Supreme Court Chief Justice Iftikhar Mohammad Chaudhry, did not come to a final decision and deferred the issue of finalising the appointment of two ad-hoc and an additional acting judge to the Supreme Court. The judicial commission is [...]
