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Ahsan directed concerned department to update flood management plan ISLAMABAD: Federal Minister Planning, Development and Reforms Ahsan Iqbal on Tuesday directed concerned department to update management plan in light of recent flood to ensure preparedness.He was chairing a meeting to assess flood situation in the country which was attended by officials of federal and provincial governments.He said concerted efforts are needed to deal with shifting patterns of weather due to climate change resulting in flood in vast areas of the country in recent years.The minister said recommendations should take stock of fiscal position and make doable recommendations as he pointed out that scientific means of flood management should be employed through a proactive approach.The Minister said lack of coordination and integration between various government departments often causes delay in response. Through greater coordination among stakeholders we can minimize damages.He said Federal Government is helping provincial governments to meet flood challenges.Meeting was informed that KPK government is being provided with ...

Cotton sowing register 5 percent increase ISLAMABAD: Cotton cultivation has registered five percent increase during current season as compared to the corresponding period last year, said Director Marketing and Economic Research Dr Muhammad Ali Talpur on Tuesday. "The major cash crop of the country that is cultivated on vast area, has shown 5 percent increase this year," he told APP. This year crop sowing was set at 3.1 million hectares to produce about 15.1 million cotton bales in two main crop ...

Speaker says ruling on PTI MNAs resignations unquestionable ISLAMABAD: Speaker National Assembly Sardar Ayaz Sadiq Tuesday said his ruling on resignations of Pakistan Tehreek-i-Insaf (PTI) lawmakers was unquestionable except to rescind it through a motion in the House.In his remarks during the House proceeding, the speaker said Islamabad High Court (IHC) had also endorsed his point of view over the resignation issue."Whenever the Speaker decides or gives his ruling on any matter on floor of the House or in his office on the ...

SBP injects Rs 70.5bn into market KARACHI: State Bank of Pakistan (SBP) on Tuesday injected Rs 70.5 billion into the financial market for three-days through its open market operation (OMO).The rate of return accepted is 6.51 per cent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015

Govt to compensate flood victims: Zaeem LAHORE: A spokesman of Punjab government Zaeem Hussain Qadri MPA has said that it is the priority of the government to evacuate stranded people and shift them to safer places."A package of Rs 1.5 billion has already been announced for the rehabilitation of affected families displaced owing to recent floods," he added.In a brief conversation with media in his office, he said, 90 per cent of the flood-hit people had been shifted from flooded areas ...

LSE downs by 28.25 points LAHORE: Lahore Stock Exchange here Tuesday witnessed bearish trend by loosing 28.25 points, as the LSE Index-25 opened with 6155.28 points and closed at 6127.03 points.The market's overall situation, however, corresponded to an upward trend as it remained at 2.286 million shares to close against previous turnover of 1.452 million shares, showing a upward move of 834,050 shares. While, out of the total 93 active scrips, 18 moved up, 23 shed values and 52 remained ...

LSE gains 46.28 points LAHORE: Lahore Stock Exchange (LSE) here Monday witnessed bullish trend by gaining 46.28 points as the LSE Index-25 opened with 6109.29 points and closed at 6155.57 points. The market's overall situation, however, did not correspond to an upward trend as it remained at 1.452 million shares to close against previous turnover of 1.911 million shares, showing a downward move of 459,550 shares. While, out of the total 90 active scrips 20 moved up, 14 shed ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln