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Economy

SC orders leasing out of 24 petrol pumps

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LAHORE: The Supreme Court (SC) on Saturday ordered for leasing out 24 petrol pumps, situated at Metropolitan

Corporation Lahore (MCL) and provincial government land in the city, through auction. The bench, headed by Chief Justice Mian Saqib Nisar, passed the orders while hearing an application by one Abdullah Malik regarding petrol pumps sites. As proceedings commenced, Deputy Commissioner Lahore Saliha Saeed appeared before the bench and submitted that out of 32 petrol stations, 24 were active whereas remaining eight had been razed to the ground as they fall in Orange Line Train project route.

She apprised that the lease of all petrol pumps had expired and they were paying a very small amount as rent. She further submitted that four petrol pumps were situated on MCL land whereas remaining were situated on the provincial government land. At this, the bench observed that the court would not allow misuse of the government property and ordered for leasing out all 24 petrol pumps through auction. A civil society member, Abdullah Malik, had filed an application stating that petrol pump sites of the MCL and government had been allotted on throwaway prices.

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Economy

Pakistan seeks greater partnership with WB: PM

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ISLAMABAD:  Imran Khan has told WB that Pakistan looked forward to greater partnership with World Bank (WB) in critical areas including eco-tourism, mountain, and religious tourism.

Talking to a delegation of World Bank headed by Vice President South Asia Hartwig Schafer in Islamabad today Imran Khan said that these sectors which have a huge potential towards the uplift of the poor and poverty alleviation. He highlighted various steps being taken by the government towards economic stability, poverty alleviation and improving ease of doing business in the country. The delegation comprised of Vice President Human Development Annete Dixon, Country Director Illangovan Patchamuthu, Operations Manager Melinda Good and Senior Country Manager IFC Nadeem Siddiqui. Special Assistant of Prime Minister on Political Affairs Naeem-ul-Haq, Secretary Finance Arif Ahmed Khan and others were also present in the meeting.

The delegation appreciated Prime Minister’s vision on the economic stability of the country, human development and addressing the issue of stunted growth due to malnutrition. It briefed the Prime Minister about various ongoing projects of the World Bank in various sectors including water supply, sewerage and waste management, transportation and connectivity, capacity building and ease of doing business in the country.  It also offered WB’s assistance in attracting foreign investments, analytics, sharing of expertise and technical knowledge in various sectors to help the Government translate its vision into reality. Welcoming the offer, the Prime Minister appreciated World Bank’s continued engagement with Pakistan and its support towards capacity building, infrastructure development and economic growth.

 

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Crime

District admin gets 50 Kanal state land vacated!

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1st Deputy Commissioner Peshawar Sports Fest

PESHAWAR: District administration vacated 50 Kanal state land during grand anti-encroachment operation in Mera Kachori, a suburban locality here today. 
On the directives of the Deputy Commissioner (DC) Peshawar Dr. Imran Hamid Sheikh, the Additional Deputy Commissioner (ADC) Shahid Ali Khan and Assistant Commissioner (AC), Sara Rehman directly monitored the operation and remained present on the occasion.
Town Municipal Officer (TMO) Town-IV, Waheedur Rehman, SHO Chamkani Police Station, Ahmadullah Khan, officials of Rescue 1122 and other department participated in the operation. A heavy contingent of police was deployed to avert any kind of unpleasant incident.
During the operation, the administration demolished over 70 illegal constructions and vacated 50 Kanal state lands. Meanwhile, the Deputy Commissioner (DC), Dr. Imran Hamid Sheikh has said that anti-encroachment operation would continue and similar action against encroachment mafia in other localities will also begin soon.

 

 

 

 

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Asia

Tokyo stocks open higher!

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Tokyo stocks gain on bargain-hunting

TOKYO: Stocks opened here higher today, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve’s meeting later this week.
The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45.

 

 

 

 

 

 

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