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Posts published in “Day: August 14, 2013

Finance ministry approves Rs1.7b for AJK

ISLAMABAD – The finance ministry on Tuesday approved an immediate release of Rs1.7 billion as advance to Azad Jammu and Kashmir (AJK) from its share so that it could tide over its problems. Chaudhry Abdul Majeed, Prime Minister of Azad Jammu and Kashmir, met Finance Minister Senator Ishaq Dar on Tuesday and discussed financial problems facing Azad Jammu and Kashmir. Chaudhry Abdul Majeed said that he was thankful to Prime Minister Muhammad Nawaz Sharif for…

Credit crunch: AJK in need of immediate cash injection

ISLAMABAD: As financial mismanagement of Azad Jammu and Kashmir Council –the highest linking forum between Pakistan and AJK, brings the state government to its knees, the federal government has decided to release funds immediately to the cash-starved state government. The government of Azad Jammu and Kashmir (AJK), which is largely dependent on the federal government for running its financial affairs, is facing a deep financial crunch. The federal government was scheduled to pay the AJK…

Gun attack: Passengers escape ambush unhurt

GILGIT: Unidentified gunmen opened fire at a passenger vehicle on the outskirts of the city late Monday night. Fortunately, the passengers onboard escaped unhurt in the ambush which took place in Danyor area, about 20 kilometres from Gilgit. “No one was injured in the attack,” confirmed Danyor police official Iqbal. Seven people were in the vehicle which was heading towards Sultanabad from Gilgit. The bullets reportedly pierced through the vehicle, but passengers remained safe. The…