Wednesday, March 29th, 2023
Bankruptcy of US banks has shaken global financial system
KARACHI, MAR 29: /DNA/ – Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said due to the bankruptcy of the US the global financial system is under threat. The possibility of bankruptcy of dozens of other banks will deal a serious blow to the global economy and the global growth rate may shrink further, he said. Mian Zahid Hussain said that turmoil in the markets trade and industry can suffer in theRead More
Peshawar’s rising crime rate exposes caretaker government’s failure
DNA PESHAWAR: The escalating incidence of criminal activities in the Peshawar stands as a glaring indictment of the ineffectiveness of the present caretaker government. Following the tragic loss of 150 police personnel in the bomb explosion at Police Line Peshawar, no PSP officer of the Peshawar Police was relieved of their duties. Despite high expectations for reform under the leadership of the IGP, Akhtar Hayat, the envisioned changes in the structure of the Peshawar Police remain elusive. Many had hoped that a distinguished CCPO would be appointed to take chargeRead More
Limiting powers of the Chief Justice
Qamar Bashir The law Minister introduced a bill in parliament today (28.03.20223) to limit the chief justice of Pakistan’s ability to take suo motu notice regardless of the nature, substance, or significance of the matter by subjecting it to the approval of a three-member Supreme Court bench. In addition, the bill proposes to grant the right to appeal the supreme court’s decision in a suo motu case, which includes a case against the former three-time Prime Minister. The bill appears to have two overarching objectives. The first is to allowRead More