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The World Bank under its Governance Support Project will provide Rs10.57 million assistance to the Anti Corruption Department of Balochistan, official sources told APP here on Friday. Mohammad Zaman Khan, Project Director Governance Support Program has signed an agreement with Noor Bashar Sami, Director Anti Corruption Department of Balochistan here.

Finance Minister Ishaq Dar has said that talks will be held with Swiss government in August to bring back $200 billion to Pakistan from Switzerland. In a statement, Dar said talks would be held in several phases and it could take three to four years to bring back the said money to Pakistan. He said that the economic situation was fragile when the PML-N govt took charge of the affairs of the country.
Finance Division and Financial Monitoring Unit (FMU) are collecting data including feedback/statistics on Suspicious Transaction Reports (STRs) disseminated to law enforcement agencies to check any suspected banking transactions involving money laundering under Anti-Money Laundering Act. Sources told Business Recorder here on Thursday that the Finance Division''s AML-I section has written a letter to the Director General FMU Karachi in this regard.
Insurance companies have contributed a premium of Rs 628 billion towards the revenue in the last past five years. Sources told Business Recorder that "insurance industries in terms of revenue generated written premium of Rs 628billion, net premium (Rs 506bn) and paid claims amounting to Rs 259bn in the last five year whereas insurance sector's tax contribution towards government exchequer stood at Rs 48 billion."
In the interbank market, the rupee surrendered its gains against the dollar, while, the national currency managed to hold week-end levels in terms of the greenback, dealers said on Monday. The rupee dropped by 13 paisa versus the dollar for buying at Rs 98.87 and it also lost 14 paisa for selling at Rs 98.88, they said.
EFU Managed Growth Fund Rates on Monday (July 28, 2014).

EFU Pension Growth Fund Rates on Monday (July 28, 2014).


Index Closing Chg%
Arrow DJIA 16,493.37 0.42
Arrow Nasdaq 4,352.64 0.39
Arrow S&P 1,925.15 0.29
Arrow FTSE 6,679.18 0.76
Arrow DAX 9,210.08 2.10
Arrow CAC-40 4,202.78 1.02
Arrow Nikkei 15,523.00 0.63
Arrow H.Seng 24,532.43 0.91
Arrow Sensex 25,480.84 1.60

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln