Summary sent to PM for changing CSS exam criteria on September 25, 2016ISLAMABAD: The Ministry of Planning, Development and Reforms has sent a summary to the prime minister for enhancing the qualification for appearing in Civil Services (CSS) exam from simple BA to master’s or four-year bachelor’s degree. Source told this scribe that the ministry had sent various recommendations to the premier to improve recruitment and selection […]
Asian Development Bank to provide over $2 billion in energy aid on September 23, 2016ISLAMABAD: The Asian Development Bank (ADB) will give a loan of USD 2.475 billion to Pakistan for development of its energy sector during the period of 2017 to 2019, which will be utilised for ongoing energy projects. Documents available with Daily Times show $150 million will be provided for the Sustainable Energy Sector Reform Program, […]
NBP ordered to seek permission from State Bank for key appointments on September 20, 2016ISLAMABAD: The government has directed the National Bank of Pakistan (NBP) to seek prior approval from the State Bank of Pakistan for hiring, appointing, and reappointing of key Executives, Group Heads and Senior Executive vice Presidents (SEVPs) of NBP. According to a document available with Daily Times, SBP has issued a letter to the NBP […]
Voices in PM Inspection Cell against illegal appointments on September 20, 2016ISLAMABAD: A complaint has been filed with the chairman Prime Minister (PM) Inspection Cell Prime Minister secretariat Islamabad against illegal appointments, particularly induction of Zahid Mehmood Chaudhry, as group chief in National Bank of Pakistan (NBP). One Riaz Ahmad has filed an application with chairman secretariat through Shahanshah Shamil Paracha law firm saying the norms […]
Govt decides to replace NBP president on September 19, 2016ISLAMABAD: The federal government has decided to sack National Bank of Pakistan (NBP) President Syed Ahmed Iqbal Ashraf and replace him with Zafar Hijazi, who is presently working as chairman of the Security and Exchange Commission of Pakistan (SECP). Source told this scribe that the government has decided to appoint Hijazi as the new president […]
Panama scandal: FBR issues notices to 400 on September 4, 2016ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to more than 400 people, including the sons and daughter of Prime Minister Nawaz Sharif, in the wake of mounting pressure from the Pakistan Tehreek-e-Insaf (PTI) and other opposition parties on the issue of Panama leaks. Sources within the FBR told Daily Times that notices […]
Rs 480bn circular debt clearance takes Senate body by surprise on September 2, 2016ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue and Privatisation has showed serious concern over rising power sector circular debt to the tune of Rs 321 billion in just three years and held Ministry of Water and Power responsible for the same. The meeting, held at the Parliament House on Thursday under the chairmanship of […]
New era of Pak-Iran ties as FTA negotiations begin in October on August 30, 2016ISLAMABAD: Negotiations between Pakistan and Iran on Free Trade Agreement (FTA) will begin in October this year, according to the federal minister for commerce Khurram Dastgir Khan in a meeting with Mehdi Honardoost, Ambassador of Iran to Islamabad. The federal minister for commerce said that FTA talks between Pakistan and Iran will likely to begin […]
Corridor to benefit all of Pakistan, claims Ishaq Dar on August 29, 2016ISLAMABAD: Finance Minister Ishaq Dar said on Monday that the China-Pakistan Economic Corridor (CPEC) would benefit all the regions of Pakistan. “CPEC will set our country on the road to economic development and growth,” he affirmed while addressing the participants of CPEC Summit and Expo at Islamabad. The chief ministers of Khyber Pakhtunkhwa, Sindh, Gilgit-Baltistan, […]
PPOs deposits surge beyond authorised limit on August 27, 2016ISLAMABAD: The deposits of the Pakistan Post Office have surged to Rs 6.56 billion beyond the authorised limit of Rs 84 million, it has been revealed. According to a secret document, the Pakistan Post has seized Rs 6.56 billion in its accounts against the authorised limit of Rs 84 million. As per the details, the […]