US President-elect Donald Trump said Wednesday he will be “leaving his business” to avoid any appearance of a conflict of interest while in the White House, insisting he was not legally bound to do so.
In a series of Tweets, Trump said he would unveil his plans at a December 15 news Continue Reading…
The Pakistan Army on Wednesday contradicted a news item which it said appeared in a section of media and on social media that Chief of the Army Staff General Qamar Javed Bajwa and Chairman Joint Chiefs of Staff Committee General Zubair Mahmood Hayat met Hussain Nawaz, the son of Prime Continue Reading…
The Canadian federal government’s announcement that technology firms will be allowed to bring in top talent in two weeks will be music to the ears of businesses across the country.
Finance Minister Bill Morneau unveiled the plan this week, aimed at making it easier for growing firms and major companies to get access to the highly skilled foreign talent they need that is not available in Canada.
Canadian technology giants Shopify and Hoot suite were among those lining up to Continue Reading…
The central bank pumped in Rs325.00bn into the banking system on Sept 08, in the open market operation. The injection was made in a one day contract at 5.80pc. The central bank had received bids worth Rs341.50bn.
According to the weekly statement of position of all scheduled banks for the week ended Aug 19, deposits and other accounts of all scheduled banks stood at Rs10,165.79bn after a 0.41pc fall over the preceding week’s figure of Rs10,207.59bn. Compared with last year’s corresponding figure of Rs9,020.41bn, the current week’s figure was higher by 12.70pc.
Deposits and other accounts of all commercial banks stood at Rs10,109.37bn against preceding week’s deposits of Rs10,151.25bn, showing a decrease of 0.41pc. Deposits and other accounts of specialised banks stood at Rs56.43bn, up 0.20pc against previous week’s figure of Rs56.31bn.
Bank borrowing rose by 21.43pc against the previous week
Total assets of all scheduled banks stood at Rs13,891.38bn, higher by 1.93pc over preceding week’s figure of Rs13,627.94bn. Current week’s figure is higher by 9.55pc compared to last year’s corresponding figure of Rs12,679.83bn.
Total assets of all commercial banks stood at Rs13,666.16bn, higher by 1.96pc over previous week’s figure of Rs13,403.46bn, while total assets of specialised banks at Rs225.23bn, were higher 0.33pc over the previous week’sRs224.48bn.
Gross advances of all scheduled banks stood at Rs5,040.71bn, smaller by 0.13pc over the preceding week’s figure of 5,047.52bn. Compared with last year’s corresponding figure of Rs4,566.00bn, current week’s figure is higher by 10.40pc.
Advances by all commercial banks fell to Rs4,877.07bn from previous week’s Rs4,884.05bn indicating a fall of 0.15pc, whereas advances of specialised banks stood at Rs163.63bn against previous week’s 163.47bn.
Borrowings by all scheduled banks increased in the week under review. It rose by 21.43pc to Rs1,742.68bn against previous week’s Rs1,435.13bn. Compared to last year’s corresponding figure of Rs1,696.38bn, current week’s figure is larger by 2.73pc.
Borrowings by commercial banks in the week at Rs1,665.24bn were higher by 22.58pc against previous week’s Rs1,358.52bn. Borrowings by specialised banks stood at Rs77.44bn against the previous week’s Rs76.61bn.
Investments of all scheduled banks stood at Rs7,114.16bn against preceding week’s figure of Rs6,962.69bn, showing a rise of 2.18pc. Compared to last year’s corresponding figure of Rs6,293.03bn, current week’s figure is higher by 13.05pc.
Investments by all commercial banks stood at Rs7,071.73bn, higher by 2.20pc against preceding week’s figure of Rs6,919.64bn, whereas investment by all specialised banks stood at Rs42.44bn against preceding week’s figure of Rs43.05bn.
Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs8,26.51bn against previous week’s Rs758.18bn, showing an increase of 9.01pc. Current week’s figure increased by 13.16pc compared to last year’s corresponding figure of Rs730.38bn.
Cash and balances of all commercial banks stood at Rs823.76bn, higher by 9.12pc over previous week’s Rs754.94bn. Cash and balances of all specialised banks were smaller by 15.04pc at Rs2.75bn against the preceding week’s Rs3.24bn.
Army cricket teams from different countries have arrived at Lahore to take part in the first ever Physical Agility Combat Efficiency System (PACES) competition being hosted by Pakistan Army.
Teams from Sri Lanka, England, Saudi Arabia, China and Australia will participate in the competition.
The event is being organised by Pakistan Army, which is the first-ever such competition in the world.
Commander Lahore Corps Lt-General Sadiq Ali declared the PACES Competition Open amid a colourful ceremony at the Venue which was attended by a large crowd.
All the participating teams joined a Flag March Past, followed by Army’s regimental troupes, representing all provinces of Pakistan including Gilgit Baltistan and Azad Jammun Kashmir, which presented traditional folk dances on the tune of famous regional songs and a spectacular demonstration by the Pakistan Army band, which won thunderous applauds from the audience.
People’s Liberation Army (China) and Pakistan Army dominated the opening day of the Pull-Ups contest in the First International PACES Competition-2016 that commenced at the Ayub Stadium on Tuesday.
The visiting cricket teams practised at (NCA) indoor and outdoor to prepare for the first leg of matches to be held on October 19, 21 and 22 in various grounds of Lahore. Later, the team will travel to Rawalpindi and Abbottabad to feature in the remaining matches.
On Wednesday, the participating teams will compete in 3.2-km run which will start at 9am from Askari-10 and end at the Ayub Stadium.
The world’s youngest Nobel Peace Prize winner Malala Yousafzai and gamer Sumail Hassan have now made it to Times’ 30 Most Influential Teens of 2016.
Sumail Hassan, now 17, won his team Evil Geniuses the Defense of the Ancient 2 (Dota 2) Asian championship in China last year when he was just 15 years old. The team bagged $1.2 million in prize money at the competition.
“Hassan has become the youngest person ever to earn $1 million playing competitive video games, making him a phenomenon in the rapidly growing world of ‘e-sports’,” states the publication’s website.
The child prodigy moved to the US in 2014 and spent some of his winnings – now at $2.3 million and counting – to buy a house for his family.
Nobel laureate, Malala Yousafzai has been fighting for girls’ right to education for almost a decade now. Her organisation The Malala Fund has received funding from famous personalities worldwide. Currently, the 19-year-old is working towards urging “world leaders to set aside $1.4 billion this year toward educating young refugees,” says Times.
Malala was shot by Taliban when she was 11 years old for braving against the ban on girls’ education in her hometown Swat.
The Times’ annual list includes children from the tender age of 14. The criteria to be a part of this list, Times shares, is: ‘we consider accolades across numerous fields, global impact through social media and overall ability to drive news.
Amnesty International urged the Indian authorities to release two teens who were detained in India-held Kashmir under the controversial Jammu and Kashmir Public Safety Act (PSA), read a report issued by the organisation on Thursday.
The human rights watchdog has pleaded for either the release or the usage of appropriate laws and provision of fair trials of the teens.
“Release both Rayees Ahmad Mir and Waheed Ahmed Gojree or charge them with an internationally recognisable criminal offence and give them fair trials in accordance with international juvenile justice standards, using detention only as a last resort and for the shortest appropriate period, and ensuring that any detention be in a separate facility for children, as close as possible to their families in order to facilitate family contact,” said the appeal issued.
The appeal also called for a detailed investigation of the detention of the two boys, and all other cases of detention of children under the Jammu and Kashmir Public Safety Act.
Amnesty International in its appeal urged the authorities to repeal the controversial Jammu and Kashmir Public Safety Act and other administrative detention laws in India.
Rayees and Waheed were detained in prison under the Jammu and Kashmir Public Safety Act, which expressly prohibits the detention of anyone under 18 years of age.
Rayees Ahmad Mir, aged 16 , was arrested on September 16 in Baramulla district under ordinary criminal procedure for allegedly throwing stones at Indian security forces.
Two days later, to prevent his release on bail, an executive official passed an order to detain him under the PSA. The order incorrectly stated that Rayees Mir was 18 years old and he was transferred to the Kot Bhalwal central jail in Jammu, about 300 kilometres from his home.
Rayees Mir’s family challenged the order before the Jammu and Kashmir High Court, producing documents that proved he was only 16 years old.
On October 7, the court stated that Rayees Mir should be treated according to juvenile justice rules, as there was prima facie evidence that he was a minor, and ordered his transfer to a juvenile home.
An official at the Kot Bhalwal jail said on October 19: “The prison authorities had not yet transferred Rayees Mir, as they had not received a copy of the court order.”
Waheed Ahmed Gojree, also 16 years old, was arrested in Kupwara district on August 18, and detained at a police station.
According to his family, the police initially told them that Gojree would be released the next day, however, they then said that he had been detained under the PSA.
Gojree was first taken to a jail in Baramulla, and then to the Kot Bhalwal central jail in Jammu, about 380 kilometres away.
The family has not yet received a copy of the detention order, or been formally informed about the grounds of Waheed Gojree’s detention, however an official at the central jail confirmed that he had been detained under the PSA.
The authorities appear to have not taken age of the boys into account before issuing the detention order.