Latest news with #ECL
Business Recorder
7 hours ago
- Business
- Business Recorder
DG NAB Lahore listens to public complaints
LAHORE: The Director General (DG) NAB Lahore, Muhammad Ahtram Dar, convened a monthly open hearing session in NAB Lahore which was participated by hundreds of victims affected by Ponzi (investment) schemes and illegal housing societies. The forum witnessed aggrieved complainants of Future Vision scam, Al-Rehman Garden Phase-4, Omega Housing Society, New Lahore City, Khayaban-e-Amin Housing Society, Formanities Housing Society, Elite Town Housing Society, and Grand Avenue Housing Society. DG NAB Lahore attentively listened to all public grievances and issued prompt directives for their resolution. Responding to the complainants of Future Vision scandal, DG NAB ordered an immediate direct inquiry and instructed the initiation of proceedings to place the prime accused on Exit Control List (ECL) along with publication of advertisements in national dailies. Regarding the complaints against Al-Rehman Garden (Phase-4) management, the DG NAB allotted one month deadline to investigation team for bringing conclusion of the case and to submit a comprehensive report. Copyright Business Recorder, 2025
Express Tribune
a day ago
- Politics
- Express Tribune
Blocking of passports: officials pass buck to interior ministry
Passports of thousands of people across Punjab have been blocked for the last 2 years due to their suspected participation in May 9, 2023 rioting incidents — leading to cancellation of their international trips including pilgrimage to Makkah. Interestingly, geo fencing was used to identify the alleged rioters active in a particular area on May 9 and May 10 of 2023. As a result, dozens of people — including employees of government and private organizations, whose workplaces were located in those localities and who used phones during rioting — faced blacklisting of passports. A number of these people came to know that their passports have been blocked only when they arrived at the airport to fly to foreign destinations or went to the passport office for renewal of their documents. Dozens of such people have now approached the Lahore High Court (LHC). While hearing these petitions, the LHC has summoned passport officials along with records. In many of these cases, passport authorities have already submitted records to the court showing that the passports have been blacklisted. The Passport and Immigration Department told the LHC that the task of blacklisting passports does not fall under their jurisdiction and that the Ministry of Interior includes and removes names from the blacklist and the Exit Control List (ECL). They claimed that the names of the petitioners were added to the blacklist due to their alleged involvement in May 9 incidents. Those individuals whose names are on the blacklist or whose passports have expired cannot renew their document until their names are removed from the blacklist. Violent protests broke out across the country after the arrest of former prime minister Imran Khan on May 9, 2023. During the turmoil, attacks were carried out on 39 military installations across the country between 3pm and 7pm of May 9. Most of these attacks — 23 — occurred in Punjab, followed by 8 in K-P, 7 in Sindh and one in Balochistan. Major military facilities attacked included the GHQ in Rawalpindi, the Corps Commander's House in Lahore, the Mianwali Air Force Base, and ISI offices in Faisalabad, Sargodha, and Rawalpindi.
Express Tribune
2 days ago
- Politics
- Express Tribune
Thousands of ID cards, passports blocked over involvement in May 9 riots
Listen to article Passports and national identity cards of thousands of individuals linked to the May 9, 2023, riots have been blocked. More than 5,500 citizens from Lahore and other cities and towns across Punjab have had their passports blacklisted, officials from the Department of Passport and Immigration told local media. The revelation came a day after Anti-Terrorism Court (ATC) in Islamabad convicted and sentenced 11 accused to various jail terms and fines in cases related to the violence on May 9, 2023, over charges of attacking the Ramna police station, attacking policemen, setting properties on fire, and spreading terrorism. May 9 cases refer to the violent attacks on state installations in 2023 following the arrest of PTI founder Imran Khan over corruption charges. Several people were arrested in these cases, which were tried and convicted by military courts as well as ATCs in different cities. Read More: 19 convicted in May 9 riots granted pardon Regarding the blocking of passports and national identity cards, sources said names were flagged based on geo-fencing data, which captured mobile or landline numbers detected near protest sites. In many cases, this data alone led to individuals being added to the blacklist, even without direct evidence of involvement. Some of those affected have submitted proof of innocence to police and law enforcement agencies. However, their names remain on the blacklist, prompting hundreds to file legal challenges in court. The Lahore High Court has taken up dozens of such cases and summoned passport officials along with relevant records. In several hearings, officials have submitted documents confirming the blacklisting of passports. Read More: Shah Mahmood Qureshi, Yasmin Rashid indicted in May 9 riots case During proceedings, it emerged that many individuals worked in nearby government or private offices and had only made calls to family members during the unrest, but were still flagged due to their mobile phone location data. In court filings, the Passport and Immigration Department stated that it does not hold the authority to add or remove names from the blacklist. That power, it said, rests with the Ministry of Interior, which manages both the blacklist and the Exit Control List (ECL). The ministry has reportedly placed names on the blacklist for any degree of involvement in the May 9 events. Those whose passports have expired cannot renew them until their names are cleared. May 9 Riots The May 9 riots erupted nationwide following the arrest of former prime minister and PTI founder Imran Khan, after which PTI leaders and workers staged protests targeting both civil and military installations, including Jinnah House and the General Headquarters (GHQ) in Rawalpindi. The military condemned the events as a "Black Day" and decided to try the protesters under the Army Act. As a result of the unrest, many PTI members were arrested and tried in military courts. In December, a military court convicted 25 individuals, including Imran Khan's nephew, Hassan Khan Niazi, and later sentenced 60 more. Also Read: Won't allow May 9 mayhem happen again In January, 19 convicts had their sentences pardoned following successful mercy appeals, although PTI expressed dissatisfaction over the limited number of pardons. The military trials had initially been halted following a Supreme Court ruling but were resumed following the court's instructions to finalize pending cases and announce judgments for those involved in the violent incidents. PTI Chairman Barrister Gohar Ali Khan has strongly opposed the trial of civilians in military courts, citing constitutional concerns.
Business Wire
3 days ago
- Business
- Business Wire
Ecolab Schedules Webcast of Industry Conference for June 3, 2025
ST. PAUL, Minn.--(BUSINESS WIRE)--Christophe Beck, Ecolab's chairman and chief executive officer, will address financial analysts at the William Blair Growth Stock Conference on Tuesday, June 3, 2025. Ecolab will offer a webcast of Mr. Beck's presentation. Details for the webcast are as follows: To access the webcast, visit the Events & Presentations section of Ecolab's Investor website at and click on the webcast details. About Ecolab A trusted partner for millions of customers, Ecolab (NYSE:ECL) is a global sustainability leader offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life. Building on more than a century of innovation, Ecolab has annual sales of $16 billion, employs approximately 48,000 associates and operates in more than 170 countries around the world. The company delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, maintain clean and safe environments, and optimize water and energy use. Ecolab's innovative solutions improve operational efficiencies and sustainability for customers in the food, healthcare, high tech, life sciences, hospitality and industrial markets. Follow us on LinkedIn @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab. (ECL-C)
Time of India
4 days ago
- Business
- Time of India
RBI to harmonise loan income recognition rules and review lending practices
Reserve Bank of India will harmonize loan regulations. This will bring uniformity across lenders. RBI plans a review of non-fund based facilities. Liquidity stress testing will be enhanced. New guidelines will cover climate-related financial risks. A data repository for climate risk information will be launched. Draft guidelines on Expected Credit Loss are expected soon. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Reserve Bank of India (RBI) announced on Thursday that it is working to harmonize regulations on how banks recognize income and set aside provisions for loans. The central bank is also planning a review of non-fund based contingent facilities provided by RBI noted that interest rate regulations vary across lenders and is conducting a comprehensive review of these instructions to bring strengthen banking resilience, the regulator is enhancing liquidity stress testing by developing a cash flow analysis framework . This will help assess the impact of extreme but plausible scenarios on banks' liquidity positions, ensuring they can meet obligations even during crises. The new approach aims to offer a forward-looking perspective on banks' liquidity stability under adverse the growing focus on climate risks, the RBI said it will issue prudential guidelines for banks, covering climate-related financial risk disclosures, climate scenario analysis, and stress testing. The guidelines will also include principles for effective management and supervision of climate risks, a review of green deposit frameworks, and rules for sustainability-linked loans The RBI will soon launch the Reserve Bank Climate Risk Information System (RB-CRIS), a dedicated data repository for climate risk draft guidelines on the Expected Credit Loss (ECL) framework are expected shortly. The regulator also plans to strengthen supervisory frameworks for payment banks and small finance banks and move forward with implementing the final phase of Basel III norms.
