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Altaf Hussain habitual of giving controversial statements: Asif ISLAMABAD: Minister for Defence Khawaja Muhammad Asif Tuesday said Muttahida Qaumi Movement's (MQM) Head Altaf Hussain had become habitual of giving controversial statements adding that a Pakistani could not give a statement regarding Indian intelligence agency as given by Altaf Hussain.Talking to a news channel, he said RAW was an enemy organization formed to act against Pakistan and such a statement should not be given even ironically or in lighter mode.The minister was of the view that the statement of Altaf Hussain would be examined deliberately to decide about any legal action over it.He said the government endorsed the recent statement of ISPR as it reflected version of the government and defence ministry over the issue.Khawaja Asif said India wanted to keep Pakistan engage both internally and externally.If India was a sympathizer of Pakistan against terrorism then itshould not have created unrest on eastern borders, he said, adding, the purpose ...

Rs 1100mn approved for NICVD rehabilitation, renovation KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has approved Rs 1100 million for improvement and necessary construction in National Institute of Cardio Vascular Diseases (NICVD) to make it a state- of- the art institute.The Chief Minister took this decision as chairman of NICVD while presiding over its Board meeting here Tuesday.Those who attended the meeting include Deputy Speaker Sindh Assembly Shehla Raza, MPA Dr. Sohrab Sarki, Executive Director NICVD Professor Dr. Nadeem Qamar. Principal ...

Sindh govt implementing mega project in Agri sector: CM KARACHI: Chief Minister of Sindh Syed Qaim Ali Shah has said that his government has conceived mega development projects in collaboration with World Bank to modernize agriculture sector, improve its productivity and access to market.He said that Sindh Agriculture Growth Project (SAGP) has been launched with its total estimated cost of Rs 8867.463 million. Similarly another project of Sindh Irrigated Agricultural Productivity Enhancement Project (SIAPEP) has also been prepared with its estimated cost of Rs ...

Welfare of Senate employees of paramount importance: Chairman Senate ISLAMABAD: Chairman Senate Mian Raza Rabbani has said that employees are the core asset of the Senate and their welfare is of paramount importance so that they can work efficiently.He expressed these views while presiding over a meeting of the Executive Committee of the Senate Secretariat Employees Welfare Fund at the Parliament House on Tuesday, says a press release.Chairman Senate underscored the need for improving the working conditions of the employees as most of the ...

LSE downs by 8.53 points LAHORE: Lahore Stock Exchange here Tuesday witnessed bearish trend by loosing 8.53 points, as the LSE Index-25 opened with 5604.42 points and closed at 5595.89 points. The market's overall situation also did not correspond to an upward trend as it remained at 490,200 shares to close against previous turnover of 872,600 shares, showing a downward slide of 382,400 shares. While, out of the total 73 active scrips, only 7 moved up, 24 shed values and ...

ISE-10 Index witnesses bearish trend ISLAMABAD: Islamabad Stock Exchange witnessed bearish trend here on Tuesday as the ISE-10 index was down by 10.84 points and closed at 3,660.61 points.A total of 8,700 shares were traded, which were down by 200 shares when compared with previous day's trading of 8,900 shares.Out of 138 companies, share prices of 44 companies recorded increase while share prices of 94 companies registered decrease whereas no company remained stable in today's trading.The Abbot Laboratories remained the ...

NAB arrests official of Islamic Investment Company in Rs47.11mn scam PESHAWAR: National Accountability Bureau (NAB) Khyber Pakhtunkhwa Tuesday arrested Abdul Basit of Islamic Investment Company Limited who in the garb of Islamic mode of business allegedly cheated public at large as the NAB received Rs.47.11 million claims from the affectees so far against the accused.During the course of inquiry it was revealed that the accused person lured general public to invest their hard earned money in their fake company with the name of Islamic Investment ...


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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
WeeklyMay 04, 2015
Reserves $17.491 bln