PML-N Political Desk

[Leader]

NBP refuses to invest Rs100 bn in PM’s Youth Loan Scheme

The National Bank of Pakistan (NBP) has informed the State Bank of Pakistan (SBP) that it cannot invest Rs100 billion in the Prime Minister’s Youth Business Loan Scheme as it involved great risk.


The NBP said that the step of lending money, if realised, would affect other departments of the bank. Therefore, it had agreed on investing Rs15 billion only inthe PM’s Youth Loan Scheme.



After NBP’s excuse, the government has decided to involve private banks for lending the loans.There is a possibility that the private banks will be made to lend Rs70 billion for the venture. The process of negotiating with different banks has also been started.



It merits mentioning here that the NBP has been assigned the responsibility of releasing Rs90 billion till June 30, 2014, whereas the First Women Bank would lend Rs10 billion for the loan project. However, by including private banks in the scheme, the number of banks are likely to remain at seven.

NBP refuses to invest Rs100 bn in PM’s Youth Loan Scheme - thenews.com.pk

the bank trying to save its arse from a deadly scheme... a 100% loss scheme, especially when maryam nawaz was trying to impose her decisions with Islamic banking on NBP as per claimed...

 

[SBD-3]

 

[Jzaib]

doesnt matter how much u try to bribe the youth they still hate pmln

 

[Khalidr]

why the hell they are distributing so much for nothing, with the same amount they can construct schools and hospital. A way to bribe youth, this is how they use nation money as it is their own. Still people have hopes from them, after ruling Punjab for more than 20 years nothing is prominent done by these stupids .. And its funny that we have people here to support them.

Kon say taraki kay records, bhai zara sans loo. corruption kay records to qaaim kiyay hai per taraki kay nahi.

 

[Leader]

did this monkey really said that?

 

[W.11]

 

[Leader]

 

[Leader]

 

[Jazzbot]

 

[Jazzbot]

​

Source: The News Tribe | Breaking News, Latest Pakistan News, Fashion, Business, Sports, Technology


Charsi President

 

[Panther 57]

​

Source: The News Tribe | Breaking News, Latest Pakistan News, Fashion, Business, Sports, Technology


Charsi President

At one point they admit that Pakistan is under debt, yet they keep on doling out money as if Bap Ka Mal hai.

Instead of printing money and distributing for cheap popularity, they should invest the same in developing new industrial zones away from cosmopolitans and agricultural lands. It is matter of maximum two years Pakistan can come out of its all economic problems, provided they have vision and will. Which they dont.

 

[Jazzbot]

Govt violating SC verdict in public sector appointments

ISLAMABAD: Violating a Supreme Court judgment that a leading member of its own government, Khawaja Asif, had sought during the caretaker administration, the PML-N government has dismissed and appointed heads of public sector organisations without following the laid-down appointment guidelines.

Many appointments were made in the last six months without advertising the posts and following the process laid down for the appointment of heads of public sector organisations in the Khawaja Asif case.

The most glaring example of a violation is the case of the managing director Nespak, which appears to have relatively gone undetected. Amjad Khan was appointed, it is alleged, at the behest of the now speaker of the National Assembly, Sardar Ayaz Sadiq, and, ironically, with the patronage of the Minister for Water and Power Khawaja Asif.

The post was never advertised and the board of directors consisting of mainly senior civil servants had already been approached by government officials and told that Amjad Khan was to be appointed hence the unanimous decision of the board to appoint him.

Amjad Khan was not interviewed by the board and appointed MD in August. The previous managing director, Asad I. Khan, who was a regular Nespak employee, had a year remaining before his retirement when he was removed.

Asad Khan told Dawn that the prime reason of his removal was that he did not promote two officers recommended by the sitting NA speaker.

“Mr Sadiq asked me many times to promote the two officers out of turn,” he said, adding that it was a violation of the rules and would have been unjust with other officers.

He said that he also received threats from Mr Sadiq. “I will personally take you to the Public Accounts Committee,” Mr Asad said that he received this threat from the speaker along with another threat of grilling through FIA.

Previously under the establishment rules, three names were required to be recommended for approval and the prime minister was the competent authority to make the final approval. Subsequently, the Supreme Court ruled that a commission should be established for this purpose.

Inquiries were initiated by a sub-committee of the PAC under the chairmanship of Ayaz Sadiq to reject all potential contenders from within the organisation so that Amjad Khan, fifth on the list of seniority, could be appointed.

The irregularities in appointments were not confined to the MD Nespak, but blatant violations were also noted in other appointments in the last six months.

Take for example, the appointment of Law and Justice Secretary Barrister Zafarullah Khan, appointment of consultant to the attorney general, and hiring of lawyers for high profile cases, including in the Karkey arbitration where a close relative of former Chief Election Commissioner was appointed. In another instance, a lawyer was engaged after the announcement of the partial award in the Kishanganga arbitration. Besides, tailored posts were advertised for known individuals.

The Khawaja Asif case which has become the guiding jurisprudence in such matter was the case in which Mr Asif had challenged appointments, transfers and postings by the caretaker government.

The decision was announced after the elections and in paragraph 25 of the judgment the Supreme Court pronounced: “During hearing of the case, it has been pointed out to petitioner Mr Asif that although he being an elected Member of the Parliament had raised questions touching upon the transparency in the appointment of the heads of the autonomous, semi-autonomous bodies, corporations, regulatory authorities, etc., but in his own capacity as a public representative, he had also to ensure that all the appointments in such like bodies as well as the appointments on contract basis must be made in a transparent manner.”

There is nothing in the judgment to suggest that it would have retrospective effect.

To the contrary, the guidelines provided by the court mandate a code of practice to ensure transparent merit-based public appointments.

The decision provides for the establishment of a commission that must, inter alia, take measures to ensure that processes for public sector appointments are conducted honestly, justly, fairly and in accordance with law, and that corrupt practices are fully guarded against.

Rather than following the court order, the PML-N government has not only been disregarding the order in its own appointments but retrospectively implementing it for those whom they want to replace with their own people.



Source: Govt violating SC verdict in public sector appointments - DAWN.COM



Sharamnaaaaaaaaak @hasnain0099 @cb4 @Tameem

 

[Jazzbot]

National Sovereignty for sale..

Source: http://www.naibaat.com.pk/nbfinal/ePaper/lahore/27-12-2013/Detail/p1_10.jpg



@Leader @Aeronaut @RescueRanger @hasnain0099 @cb4 @Tameem @arushbhai @A.Rafay

 

[Leader]

Govt violating SC verdict in public sector appointments

ISLAMABAD: Violating a Supreme Court judgment that a leading member of its own government, Khawaja Asif, had sought during the caretaker administration, the PML-N government has dismissed and appointed heads of public sector organisations without following the laid-down appointment guidelines.

Many appointments were made in the last six months without advertising the posts and following the process laid down for the appointment of heads of public sector organisations in the Khawaja Asif case.

The most glaring example of a violation is the case of the managing director Nespak, which appears to have relatively gone undetected. Amjad Khan was appointed, it is alleged, at the behest of the now speaker of the National Assembly, Sardar Ayaz Sadiq, and, ironically, with the patronage of the Minister for Water and Power Khawaja Asif.

The post was never advertised and the board of directors consisting of mainly senior civil servants had already been approached by government officials and told that Amjad Khan was to be appointed hence the unanimous decision of the board to appoint him.

Amjad Khan was not interviewed by the board and appointed MD in August. The previous managing director, Asad I. Khan, who was a regular Nespak employee, had a year remaining before his retirement when he was removed.

Asad Khan told Dawn that the prime reason of his removal was that he did not promote two officers recommended by the sitting NA speaker.

“Mr Sadiq asked me many times to promote the two officers out of turn,” he said, adding that it was a violation of the rules and would have been unjust with other officers.

He said that he also received threats from Mr Sadiq. “I will personally take you to the Public Accounts Committee,” Mr Asad said that he received this threat from the speaker along with another threat of grilling through FIA.

Previously under the establishment rules, three names were required to be recommended for approval and the prime minister was the competent authority to make the final approval. Subsequently, the Supreme Court ruled that a commission should be established for this purpose.

Inquiries were initiated by a sub-committee of the PAC under the chairmanship of Ayaz Sadiq to reject all potential contenders from within the organisation so that Amjad Khan, fifth on the list of seniority, could be appointed.

The irregularities in appointments were not confined to the MD Nespak, but blatant violations were also noted in other appointments in the last six months.

Take for example, the appointment of Law and Justice Secretary Barrister Zafarullah Khan, appointment of consultant to the attorney general, and hiring of lawyers for high profile cases, including in the Karkey arbitration where a close relative of former Chief Election Commissioner was appointed. In another instance, a lawyer was engaged after the announcement of the partial award in the Kishanganga arbitration. Besides, tailored posts were advertised for known individuals.

The Khawaja Asif case which has become the guiding jurisprudence in such matter was the case in which Mr Asif had challenged appointments, transfers and postings by the caretaker government.

The decision was announced after the elections and in paragraph 25 of the judgment the Supreme Court pronounced: “During hearing of the case, it has been pointed out to petitioner Mr Asif that although he being an elected Member of the Parliament had raised questions touching upon the transparency in the appointment of the heads of the autonomous, semi-autonomous bodies, corporations, regulatory authorities, etc., but in his own capacity as a public representative, he had also to ensure that all the appointments in such like bodies as well as the appointments on contract basis must be made in a transparent manner.”

There is nothing in the judgment to suggest that it would have retrospective effect.

To the contrary, the guidelines provided by the court mandate a code of practice to ensure transparent merit-based public appointments.

The decision provides for the establishment of a commission that must, inter alia, take measures to ensure that processes for public sector appointments are conducted honestly, justly, fairly and in accordance with law, and that corrupt practices are fully guarded against.

Rather than following the court order, the PML-N government has not only been disregarding the order in its own appointments but retrospectively implementing it for those whom they want to replace with their own people.



Source: Govt violating SC verdict in public sector appointments - DAWN.COM



Sharamnaaaaaaaaak @hasnain0099 @cb4 @Tameem

these noora creatures have no sense of law anyway, fazool ki paidaish hain yeh !

 

[Leader]

Zardari or nawaz kingo at their best !