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Pakistan’s Debt Policy Statement 2012-13

Total external debt recorded at $66.2bn till Q1 FY13 

ISLAMABAD: The total external debt has been recorded at $63.8 billion and after including foreign exchange liabilities of $2.4 billion the total external debt and liabilities have been estimated at $66.2 billion till first quarter of fiscal year 2012-13.

This was revealed in the Debt Policy Statement 2012-13 released here on Monday.
Read More »Pakistan’s Debt Policy Statement 2012-13

Musharraf himself crossed LoC during Kargil mission

ISLAMABAD/NEW DELHI – In an explosive revelation, Colonel (r) Ashfaq Hussain has accused former president General (r) Pervez Musharraf of aggression against India in 1999, saying the former army chief had himself crossed the Line of Control (LoC).
Hussain, in his book Witness to Blunder, said the Kargil mission was masterminded by Major General Javed Hassan, General Mehmood and General Aziz. “They made Musharraf agree to the plans which later led to a limited conflict between India and Pakistan,” he wrote. Hussain claimed Musharraf had himself crossed the LoC and spent a night on the Indian-controlled side. “On March 28, 1999 General Pervez Musharraf crossed 11 kms beyond the LoC on a helicopter and was escorted by Colonel Amjad Shabbir at a location named Zakriya Mustakar.” He wrote Pakistan began its operation in Kargil on December 18, 1998 when Captain Nadeem, Captain Ali and Hawaldaar Lalak Jaan crossed the LoC to carry out a recce.Read More »Musharraf himself crossed LoC during Kargil mission

The long lost Basant

Association asks Supreme Court to allow kite flying in rural areas

LAHORE: As authorities are planning to continue the ban on the festival of kites this year, the All Pakistan Kite Flying Association has urged the Supreme Court chief justice to allow holding the festival outside the urban areas so that the centuries-old tradition could be preserved.

All Pakistan Kite Flying Association Chairman Khawaja Nadeem Wayn said that around 150,000 people in Lahore and 180,000 people in Gujranwala and Kasur districts, affiliated with the kite industry, had lost their jobs and were facing hardship, as they had no other means to earn livelihood.
Read More »The long lost Basant

The pitfalls of packaged milk in Pakistan

By Shireen Campwala

It is quite hectic to evaluate, explain and understand the delicate situation about packaged milk in Pakistan as there are many dangerous and poisonous substances and other harmful detergents being mixed in the packaged milk in Pakistan, Canada, USA and other European countries.

Justice Mian Saquib Nasir of the Lahore High Court expressed his serious concern about the packaged milk in our country. On Wednesday June 17, 2010 he had given information about the harmful substances mixed in the packaged milk, which is easily available in our country in local shops and stores. The information was given by Pakistan Standards And Quality Control Authority’s (PSQCA) chairman.Read More »The pitfalls of packaged milk in Pakistan

CDA cancels NOC issued to Roshan Pakistan housing scheme in Sector E-16

 

Islamabad: The Capital Development Authority (CDA) has cancelled the NOC issued for development of the Roshan Pakistan Housing Scheme in Sector E-16, as according to it, the planners of the project were not completing various formalities.

The CDA has informed the public and other concerned regarding cancellation of the No Objection Certificate (NOC) issued to the M/s Roshan Pakistan (RP) Corporation for development of Roshan Pakistan Housing Scheme in Sector E-16, Zone-II of Islamabad, with immediate effect. 

The CDA spokesman said that action had been taken by civic body because of non-completion of post-NOC formalities even after lapse of more than seven years after issuance of the NOC.Read More »CDA cancels NOC issued to Roshan Pakistan housing scheme in Sector E-16

Dr Tahir-al-Qadri’s clarion call

By Saeed Qureshi

Tuesday, January 08, 2013 – If Dr Allama Muhammad Tahirul-Qadri can bring about a change for the better in Pakistan, it should be diligently welcomed. His political party Pakistan Awami Tehrik (PAT) that he founded in 1990 outlines the mission “to introduce the culture of true democracy, economic stability, improve the state of human rights, justice and the women’s role in Pakistan”. The PAT also aims to remove corruption from Pakistani politics.
Read More »Dr Tahir-al-Qadri’s clarion call

Pakistan National Saving Schemes profit rates decreased from 1-Jan-13

The government has revised down the interest rates on the National Savings Schemes (NSS) on investments with effect from January 1, 2013, according to a statement.

 According to the announcement made by the Central Directorate of National Savings (CDNS), in response to considerable slash in the discount rate by the State Bank of Pakistan (SBP), the government has revised down the profit rates on National Savings Schemes for the investment made on or after January 1, 2013.

The instant revision is made in the bRead More »Pakistan National Saving Schemes profit rates decreased from 1-Jan-13