KCCI demands ban on filling

of CNG buses

KARACHI (Staff Reporter): Karachi Chamber of Commerce and Industry (KCCI) Acting President Muhammad Idrees, while expressing deep concern over loss of precious lives due to a blast in CNG cylinder of a bus at Rashid Minhas Road, demanded that strict ban must be imposed on filling of CNG in those buses which are not bearing fitness certificates. Muhammad Idrees urged Prime Minister, Mian Muhammad Nawaz Sharif, Federal Minister for Petroleum & Natural Resources, Shahid Khaqan Abbasi, and other concerned Ministers of Sindh and Islamabad to take notice of the incident and order strict ban on filling of CNG in public transport which do not bear fitness certificate.

He said that strict mechanism must be introduced to check the quality and authenticity of CNG cylinders installed in public transport as it has been observed that many transporters have installed oxygen cylinders in their vehicles which pose serious threat to all passengers.

SBP instructs banks to ensure ATM services during Eid holidays

KARACHI (Staff Reporter): The State Bank of Pakistan (SBP) has directed banks to take necessary measures in order to ensure maximum availability of ATM services and avoid public inconvenience during the Eid holidays. In a circular letter, banks have been instructed to ensure round-the-clock availability, consistent monitoring of ATMs and mobilise maximum resources to timely resolve ATM issues like ATM out of cash, hardware/software problems, power outages and connectivity/ Network issues. Banks have further been advised to establish special help desks / contact centres operating round-the-clock for ATM related complaints.

SBP has directed banks to ensure that the published help desk numbers are visibly placed at all ATM booths and remain operational round the clock and advertise contact details in newspapers before Eid holidays for customer awareness.

Nine illegal VoIP gateway

exchanges seized

islamabad (STAFF REPORTER): Pakistan Telecommunication Authority (PTA) along with Federal Investigation agency (FIA) conducted two successful raids in Sialkot and seized nine functional illegal VoIP gateway exchanges.  According to details, PTA and FIA teams through combined efforts carried out first raid at Flat No 103, Khan Plaza, Rangpura Chowk, Sialkot and confiscated 07 illegal VoIP gateway exchanges, 2 CPUs, 2 PTCL broadband DSL connections and large number of SIMs.  Second raid was conducted at Green Town Bogra, Sialkot. As a result, 02 illegal VoIP gateway exchanges, 2 CPUs, 2 PTCL broadband DSL connections and large number of SIMs were confiscated.

Two persons were arrested on the spot and are in the custody of FIA for further investigation.

Chairman PTA Dr Syed Ismail Shah has appreciated the efforts of PTA and FIA teams. The chairman has directed PTA Zonal Offices to further expedite joint raids against such illegal activities so that loss to the national exchequer can be prevented.

It may be added that PTA is observing the international traffic coming in to the country, round the clock. It is done to identify the illegal gateway exchanges and track the elements operating them. PTA Enforcement Division, with the support of Zonal Directorates, is vigilant and making elaborative efforts to curb the grey traffic in the country.

Restaurant Association meets LCCI VP

Lahore (STAFF REPORTER): The Lahore Chamber of Commerce & Industry will continue to strive for the creation of an enabling business atmosphere in the country. This was stated by LCCI Vice President Kashif Anwar while talking to President All Pakistan Restaurants Association Shahid Butt and Chairman All Private Schools Council Fayyaz Khan. The LCCI Vice President while assuring them of his full support said that the LCCI was well aware of the complicated taxation procedures and high rate of taxes. Kashif Anwar said that increase in property tax on private schools would put a negative impact on government’s efforts aimed at promotion of education in the country.

He said that this decision should be withdrawn without any further delay.

The LCCI Vice President said that no country in the world could not achieve its economic target without education. He said that role of private schools in education promotion is significant therefore, government should provide facilities to them instead of imposing new taxes.

BOP assets reach Rs325 billion

lahore (STAFF REPORTER):  The assets of Bank of Punjab have reached Rs325 billion while it has recovered debts of Rs4.5 billion in the shortest period of two years.  According to the spokesperson, the Bank of Punjab is rapidly gaining the status of top bank and planning open branches in the regional countries. According to a 6-month report presented to the Chief Minister Punjab Mian Shahbaz Sharif, the Bank of Punjab has become profitable organization and a sufficient raise in its assets has been recorded in recent years. According to report, Bank of Punjab has asked State Bank of Pakistan allow fees for Directors of the bank and optimistically, announcement would be made in the finance results to be announced in August 2014.

The Board of Directors of the Bank of Punjab has already favored the proposal.

Report has revealed the  in the last two years, the bank has registered a phenomenal growth in its deposits, which reflects the trust of its clients in the bank. This has been made possible due to new management’s determination to ensure good corporate governance, no political interference, high professional management, restructuring, improved service standards and zero tolerance against corruption.