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General News: Pakistan


When Afghan President Ashraf Ghani makes his first official visit to India next week, it will be a chance for New Delhi to regain ground lost to regional rivals Pakistan and China and push interests including trade routes and arms sales. More than his predecessor Hamid Karzai, Ghani has reached out to neighbouring Pakistan to help negotiate a settlement with Taliban insurgents and to China to add clout to the fragile peace process as well as to invest in the Afghan economy.

Pakistan has approached the Italian government to get the details and ascertain nationalities of 18 terror suspects arrested by Italian police who were allegedly inspired by al Qaeda and planning to carry out terrorist attacks inside Pakistan and Afghanistan. "Our Embassy in Rome is in touch with the Italian authorities to get details, including about the arrested suspects," Foreign Office spokesperson Tasnim Aslam told Business Recorder, adding "we are waiting for details from the Italian authorities."
Sartaj Aziz, Adviser to the Prime Minister on National Security and Foreign Affairs, represented Pakistan at the Commemoration of the 60th Anniversary of the Asian-African Conference (Bandung Conference) held in Bandung, Indonesia on 24 April 2015. The special commemorative meeting was held in Gedung Merdeka, which was also the venue of the 1955 Bandung Conference. Pakistan, together with Burma, Ceylon, India and Indonesia, was co-sponsor of the 1955 Conference.
Prime Minister Nawaz Sharif while reiterating a strong response from Pakistan on any aggression against Saudi Arabia's territorial integrity agreed on further expanding existing defence, security and intelligence cooperation. A statement issued Friday from the Foreign Office, following Prime Minister's one-day visit to Saudi Arabia said "Pakistan could not remain a bystander against efforts to destabilise the Kingdom of Saudi Arabia."
Saudi Defence Minister Prince Muhammad Bin Salman, who is also the chief of the royal court and special adviser to the Custodian of the Two Holy Mosques, met on Thursday with General Raheel Sharif, Chief of Staff, Pakistan Army. During the bilateral meeting at the prince's office in Al-Maazar District of Riyadh, they discussed areas of the current military cooperation between the two friendly countries and ways of enhancing them.
President Barack Obama's admission Thursday that a US drone strike accidentally took the lives of two hostages has raised fresh questions about the limits and the risks of the country's "targeted killing" campaign. Since taking office in 2009, Obama has relied heavily on drone raids to hunt down Al-Qaeda leaders and other Islamist extremists from Pakistan's tribal areas to Somalia and Yemen. But the botched strike revealed that the US had no idea an American aid worker, Warren Weinstein, and an Italian humanitarian, Giovanni Lo Porto, were in the same compound as Al-Qaeda militants when the drone raid was launched in January.
Pakistan on Friday expressed shock over the killing of two Western hostages in a US drone attack in January this year and declared that the death of Warren Weinstein and Giovanni Lo Porto demonstrates risk involved in using such drone technology.


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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