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The Certificate Distribution Ceremony of 2nd Directors' Training Programme organised by the ICMA Pakistan was held on Wednesday. Muhammad Haroon Rasheed, Acting Managing Director-BSC, State Bank of Pakistan was the Chief Guest. Nazir Ahmed Shaheen, Executive Director, Securities & Exchange Commission of Pakistan and Abdul Khalil, Member National Council, and Chairman CPD, Seminars & Conferences Committee were also present on the occasion.

The Supreme Court on Wednesday suspended all appointments, postings and transfers carried out by the caretaker government except the transfers that were mandatory for free and fair elections and running of day-to-day affairs. A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of a petition of PML-N leader Khawaja Muhammad Asif who urged the court to declare transfers, postings of civil servants by the federation/caretaker government null and void.
The Supreme Court on Wednesday asked the Watan Party to seek clarity from the Election Commission of Pakistan as to who is officially leading the Muttahida Qaumi Movement (MQM) - Altaf Hussain or Farooq Sattar. A three-judge bench of the Chief Justice Iftikhar Muhammad Chaudhry took up a constitution petition filed by the Watan Party through its president Hashim Shaukat Khan and Barrister Zafarullah Khan under Article 184 of the Constitution.
An Anti-Terrorism Court (ATC) on Wednesday dismissed former president and army chief Pervez Musharraf's bail plea in judge's detention case. The ATC judge, Kausar Abbas Zaidi rejected the bail plea after he heard the augments of both the parties. Amir Nadeem Tabish, public prosecutor, told the court that clause 780-A that pertained to terrorism had been included in the list of charges against Musharraf, making the case against him even stronger.
The Sindh High Court on Wednesday asked the Election Commission to stop a notification about PTI candidate's victory in PS-93, Karachi. The order was issued in response to a petition jointly filed by Jamaat-i-Islami (JI) and Pakistan Muslim League-Nawaz (PML-N).
The London Metropolitan police on Wednesday launched an investigation against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain following complaints by PTI Chairman Imran Khan. According to a British newspaper, the Metropolitan police was investigating a controversial speech made by Altaf Hussain from London last week. "The investigation is in its early stages," The Guardian claimed. The British Foreign Office said on Saturday that it "strongly condemned" all acts of violence in Karachi.
At least six persons, including an MQM worker, were killed in different incidents of violence in the city on Wednesday, police and rescue sources said. A man, whose identity could not be ascertained, was shot dead by unknown armed men in the Lea Market area in the limits of Napier police station. The deceased appeared to be in his late teens. The body was shifted to Civil Hospital Karachi.

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln