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A brief meeting between India's Prime Minister Narendra Modi and his Pakistani counterpart on Thursday salvaged a summit of South Asian leaders, with all eight countries clinching a last-minute deal to create a regional electricity grid. Modi shook hands with Pakistani Prime Minister Nawaz Sharif at a mountain retreat outside Kathmandu and then again before the curtain went down on the conference. Television showed the two men smiling and exchanging a few words.

Pakistan on Thursday rejected the impression that it has been "cornered" in the SAARC Summit on the issue of terrorism and that it blocked key agreement put forward by India to integrate energy grids and have frequent road and rail movement among the member countries.
Pakistan will host the 19th summit of South Asian Association of Regional Co-operation (SAARC) in Islamabad in 2016, the concluding session of 18th SAARC summit announced on Thursday. Prime Minister Nawaz Sharif in his brief address to the SAARC leaders from eight countries at the concluding session said, "We look forward to welcome you to the 19th SAARC summit in 2016 in Islamabad."
Prime Minister Muhammad Nawaz Sharif on Thursday said Pakistan wants ties with India on the basis of dignity, self-respect and honour and desires a "meaningful" dialogue to resolve all issues including the Kashmir dispute. Talking to the team of media accompanying him to the 18th summit of the South Asian Association for Regional Co-operation (SAARC), the Prime Minister said he twice shook hands with his Indian counterpart and exchanged pleasantries.
The European parliament called Thursday on Pakistan to overhaul its blasphemy laws with a view to repealing them, saying they were "increasingly used to target" Christians and other minorities. The parliament expressed particular concern about the case of Asia Bibi. Her sentence was upheld last month by Lahore High Court. In a non-binding resolution, members of the European parliament in Strasbourg, France expressed their concern that blasphemy laws "are increasingly used to target vulnerable minority groups, including Ahmedis and Christians, in Pakistan."
Speaker National Assembly Sardar Ayaz Sadiq suggested establishment of Pakistan-Belarus Parliamentary Friendship Group in National Assembly of Pakistan and Belarus. Talking to Ambassador of Belarus Andrei G. Ermolovich, he said Parliamentary interaction would bring both countries more closely. Pakistan values its relations with Belarus and wants to further strengthen those ties through parliamentary and economic co-operation.
Militants attacked an army patrol in Indian Kashmir on Thursday, leaving three soldiers and three civilians dead, security officials said. The group of heavily armed militants attacked the army column near a base in the town of Arnia in Indian held Kashmir. "Three of our soldiers were martyred in the operation which is still ongoing," army spokesman for the area, Manish Mehta, told AFP, updating the toll from one, after two soldiers shot during the encounter died of their injuries.
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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln