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Chinese President Xi Jinping's visit last week was another milestone in Pak-China relations that remain unaffected by regime changes in either country. This trend manifests the immensely friendly feelings people in both countries have for each other. No matter what biased critics (like Hussain Haqqani) may say, Pak-China relations are an example of how neighbours must live together.
Lee Kuan Yew International Airport? A banknote with the founding Singaporean leader's face on it? A new national holiday?
Nepal, one of Asia's poorest countries, faces a crippling multi-billion dollar post-quake reconstruction bill that will set it back years, just as its economy was looking up after a decade-long civil war. Saturday's 7.8-magnitude quake devastated much of the capital Kathmandu and killed more than 3,200 people in Nepal's deadliest disaster for more than 80 years.
Dear reader, It was exactly 50 years ago that the Muslim world in general and Pakistan in particular witnessed the dawn of the first daily newspaper on broadsheet exhaustively dedicated to economics and finance. The members of its founding team, therefore, became the first to bring out a financial daily in Pakistan. We see Business Recorder's golden jubilee as an opportunity to express our thanks for the support and loyalty this newspaper has enjoyed over a period of time. Today's issue of this newspaper carries a 60-page compendium of articles penned by various authors to examine how this newspaper and the country's economy have fared and worked in tandem in half a century and suggest a way forward-this is the most important segment of golden jubilee celebrations. Today worthy tributes are paid to the late MA Zuberi and other members of the founding team for their vision for this newspaper.
ImageEconomists and independent think tanks maintain that the rupee is overvalued by around 15 percent, while the sixth review report of the International Monetary Fund (IMF) notes that the rupee is over valued to the tune of 10.6 percent since the programme began in September 2013. The Dar-led Finance Ministry refuses to accept that the rupee is over valued. What is the actual position?
Taking care of pensioners who are his bedrock of support has been a key feature of President Vladimir Putin's rule, but as crisis bites, the Russian government is mooting an idea that has been taboo for 80 years: raising the retirement age.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln