Pakistan News

    History Of Financial System In Pakistan Tresemme

  • ANF seeks Hanif Abbasi's financial history in connection with ephedrine case

    PML-N leader Hanif Abbasi on Thursday moved the Lahore High Court after the Anti Narcotics Force (ANF) sent him a fresh notice for detailed financial records as part of the watchdog's investigation in the 2012 ephedrine case...

    Hanif has been directed by ANF to provide his own as well as his family’s financial details for the watchdog to determine his alleged involvement in the sale of ephedrine, a regulated chemical, to narcotics...

  • REVIEW:A history of violence:A Brief History of Seven Killings

    Marlon James’s Booker prizewinning novel A Brief History of Seven Killings is a fantastic attempt at recounting the attack on Marley through a variety of eccentric, rowdy and colourful characters that provide, to a reasonable extent, a clear, albeit bloody, insight into the violence-stricken Jamaica of the 1970s and ’80s (the story moves further ahead)...

    Here’s how A Brief History of Seven Killings moves into first gear by virtue of...

  • A Leaf From History: A history of ethnic violence

    Sociologists also trace the history of Karachi’s ethnic conflagarations to the 1960s after then president Gen Ayub Khan initiated a plan to settle Pakhtuns — his own ethnic group — in the city...

    MQM’s demands included the repatriation and settlement of Biharis (Urdu-speaking East Pakistanis who continue to live in refugee camps) from Bangladesh to Pakistan...

  • SEC says cyber security biggest risk to financial system

    WASHINGTON: Cyber security is the biggest risk facing the financial system, the chair of the US Securities and Exchange Commission (SEC) said on Tuesday, in one of the frankest assessments yet of the threat to Wall Street from digital attacks...

    The SEC, which regulates securities markets, has found some major exchanges, dark pools and clearing houses did not have cyber policies in place that matched the sort of risks they faced, SEC...

  • Show steel and raise rates or the financial system will fracture

    Yet monetary policy cannot confine itself to reacting to the latest inflation data if it is to promote the wider goals of financial stability and sustainable economic growth...

    An over-reliance on extremely accommodative monetary policy may be one of the reasons why the world has not escaped from the clutches of a financial crisis that began more than eight years ago...

  • Govt rejects demand for linking CNICs with financial system

    ISLAMABAD: The government has rejected a suggestion by the Asia/Pacific Group (APG) for linking the financial and banking system with the country’s registration and database authority as part of measures aimed at curbing money laundering and terror financing...

    The APG had proposed that the country’s financial and banking system be linked to the chip-based Computerised National Identity Cards issued by the National Database and...

  • Financial system’s malign influence on investment

    In times of severe financial distress all segments of the economy and population are hurt while strenuous efforts are made to shore up the faltering financial system...

    However, it is the low level of national capital formation that is the root cause of growing dependence on foreign financial capital...

  • SC makes history by hearing case at Karachi registry via e-Court system

    The Supreme Court (SC) on Monday, for the first time in the judicial history of Pakistan, began hearing cases via e-Court — a system based on video-link connectivity, the apex court announced in a press release...

    "Today, a three-member bench headed by Chief Justice Asif Saeed Khosa and comprising Justice Sardar Tariq Masood and Justice Mazhar Alam Khan Miankhel formally initiated the proceedings of cases through the e-Court system at...

  • Pakistan wants the US's trust, not its financial assistance: COAS

    Pakistan does not want material or financial assistance from the US, but needs to be trusted and treated with respect, Chief of Army Staff (COAS) Gen Qamar Javed Bajwa told US Ambassador David Hale on Wednesday...

    While announcing the new Afghan policy ? which calls for greater troop deployment and Indian involvement in Afghanistan ? Trump had lambasted Pakistan for offering for offering safe havens to “agents of chaos”...

  • Glaring financial irregularities found in Pakistan’s UK mission

    ISLAMABAD: Federal auditors have pointed out a number of serious natures of financial and administrative irregularities in the books of the Pakistan High Commission in London, and its three consulates elsewhere in the United Kingdom...

    Financial irregularitiesThe audit report also revealed that there were serious anomalies in the revenue figures against passports registered at the Birmingham consulate over the issuance of visas, to...

  • ‘Pakistan shooters need financial boost’

    KARACHI: On the occasion of Pakistan Day, several sport shooters, a few of whom also happened be ladies, took part in the day-long Sindh Open Pistol and Rifle Shooting Competition held at the Arabian Sea Country Club Ltd on Wednesday...

    The competition, following International Sport Shooting Federation (ISSF) and National Rifle Association Pakistan (NRAP) rules, was held in the following categories: Big bore pistol for professional...

  • Pakistan Steel Mills financial woes continue

    KARACHI: As the financial health of Pakistan Steel Mills (PSM) continues to deteriorate, the grievances of its serving and retired employees have increased manifold — with no respite in sight any time soon...

    The staff of Pakistan Steel Mills — which falls under the federal government — has been deprived of the yearly pay hike for the last many years owing to the precarious financial condition of the mill...

  • Pakistan’s tour of Zimbabwe in limbo over financial issues

    KARACHI: Pakistan could face a lengthy break from international arena after June onwards if the scheduled tour of Zimbabwe in August fails to materialise owing to serious financial crisis within that country’s cricket board, it emerged on Tuesday...

    According to well-placed sources in the Pakistan Cricket Board (PCB), the national team is slated to play a full series of two Tests, three One-day Internationals and two Twenty20...

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