Aug 032013

Overseas Pakistanis Foundation (OPF) Managing Director Iftikhar Hussain Babar on Friday said the foreign remittances increased by 50 percent during the first month of the fiscal year 2013-14. He said the remittances increased due to the incentives offered by OPF to expatriates. Overseas Pakistanis are offered with various incentive cards categorised on the basis of […]

 Posted by at 3:18 pm
Jul 272013

BY FAZAL SHER & WAQAR LILLAH The real estate business in federal capital has witnessed 50 percent increase during the last few months due to migration of a number of well-off families from Khyber Pakhtunkhwa (KP) and Karachi to Islamabad because of deteriorating law and order situation in areas where they were resident.

 Posted by at 10:34 pm
Jul 242013

By Ashraf Javed (“The Nation” report) LAHORE: While terming the Supreme Court of Pakistan’s order as judicial activism, a senior official of the Defence Housing Authority (DHA) has said that depositing more than Rs 22 billion on a short notice was impossible. Talking to The Nation on the condition of anonymity on Monday, the official […]

 Posted by at 7:11 pm
Jul 242013

KARACHI: In order to strengthen anti-money laundering laws, State Bank of Pakistan (SBP) has directed all the exchange companies to retain copies of identification documents of their customers making outward transactions and other transactions equal or above $2,500. In a circular issued on Tuesday, the central bank also directed the exchange companies for physical verification […]

 Posted by at 7:10 pm
Jul 192013

The Pakistani Supreme Court on Friday ordered freezing of accounts of the Islamabad and Rawalpindi wings of the Defence Housing Authority (DHA), a establishment run under the umbrella of the army. The top court ordered the freeze during the hearing of a case related to alleged irregularities in the accounts of government-sponsored Employees Old Age […]

 Posted by at 11:07 pm
Jul 172013

Senate body prepares draft act Islamabad: Senate Standing Committee on Overseas Pakistanis has been informed that draft act regarding the right of vote to overseas Pakistanis has been prepared; meanwhile its approval would be taken from federal cabinet soon. The expatriate Pakistanis would use their right of vote in the next elections. The meeting of Senate […]

 Posted by at 9:44 am